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Published 08:51 24 Jun 2016 BST
Updated 09:02 24 Jun 2016 BST
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"I will do everything as Prime Minister to steady the ship over the coming months, but I do not believe I should be the captain to steer us to our next destination," he said.He went on to say that the party should aim to have a new leader in place by the Conservative Party conference which will take place in October. https://twitter.com/caryshepworth/status/746243525382017024 Cameron also did his best to reassure the markets that the British economy is fundamentally strong, something currently thrown into question by the collapsing value of the British pound. Assurances over the circumstances of immigrants currently living in the UK were also given, with Cameron saying that there would be no immediate impact on travel or those working in the UK as well as promising the same to UK nationals living elsewhere in the EU. The process of exiting will take two years from the point that the UK officially announces its intentions to leave as per Article 50 of the Lisbon Treaty, and Cameron himself will not start the process, meaning Britain will not start to pull out of the EU until October 2016 at the earliest.

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