The
Brexit victory means Cameron's gamble has failed and he must go
The
vote to leave the European Union is the biggest disruption of British
politics since the 1920s, and it means the Prime Minister's career
has ended in failure
John Rentoul
This is the biggest
disruption of British politics since the Labour Party eclipsed the
Liberals after the First World War. It is the end of David Cameron's
career, which has ended as political careers so often do in failure.
He gambled and lost. He is expected to address the country later this
morning and, although he is likely to stay as a caretaker while a
successor is elected, I expect him to announce that he will stand
down later this year.
The letter from
Conservative MPs urging him to stay on, even in the event of a Leave
vote, is for show. The party will unite behind its leader – on
condition that he is off in short order.
There are immediate
practical questions. The House of Commons will meet on Monday. One of
the early decisions is when to activate the two-year period for
negotiating the terms of the UK's departure from the EU. That is
surely a decision that Cameron has to leave to his successor, so
there will be time to come to terms with the nation's decision.
EU referendum:
Pro-Brexit Tory MPs call on David Cameron to remain as PM regardless
of result
That successor is
almost certain to be Boris Johnson. There has been some talk in
Westminster this week of Theresa May, the Home Secretary, as a
"unity" candidate, but it must be remembered that the final
choice of Conservative leader is made by party members as a whole.
About 60 per cent of them will have voted to Leave, and they think
she let them down by staying on the Remain side.
The important
practical consequence of the Leave vote will be the shock to the
economy. The pound has already fallen steeply overnight. The first
simple implication is that foreign holidays will cost more, with a
wider economic slowdown to come.
But politically the
significance is that the leaderships of the four largest parties in
the House of Commons has been overturned, and politics has changed
utterly.
One of the people
who is entitled to feel vindicated by this turn of events is Ivan
Rogers, the Prime Minister’s private secretary who took the unusual
step of warning him in writing against promising the referendum in
2013. I don’t know what his arguments were, but if he suggested
that Cameron was unlikely to get much in his renegotiation, he would
have been right. And if he suggested that such a referendum would put
Britain’s EU membership at risk, he would have been right again.
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