United Kingdom justice secretary launches leadership campaign

Osborne, who argued during the campaign that Britain should stay in the European Union, had estimated that a vote to leave would hurt public finances to the tune of 30 billion pounds.

It has left the country with a power vacuum just as someone needs to step up and own the talks on how Britain will exit the EU. “But I’ll do all I can that a referendum takes place and they have a chance to express their view”. I was so very reluctant because I know my limitations.

United Kingdom Independence Party leader, Nigel Farage, announces he is resigning as party leader during a speech at The Emmanuel Centre in London, Monday July 4, 2016.

Interior Minister Theresa May is now the bookies favourite to become the next prime minister. Gove, the justice minister, emailed a statement declaring that he had come “to the conclusion that Boris can not provide the leadership or build the team for the task ahead”.

“That led me to make the hard decision, at no little cost, to put friendships aside and act in the national interest”.

He said the “the crowds of young people” were “experiencing the last psychological tremors of Project Fear”, adding that the country “cannot wait until mid-September” for a new prime minister to explain how the post Brexit world will benefit Britain.

Gove, 48, laid out his program in a long and slightly wandering speech in London, acknowledging that he possesses no glamour or charisma and that he “did nearly everything not to be a candidate for the leadership of this party”.

Article 50 sets a maximum two years for negotiations, after which Britain would automatically be out of the European Union unless member states agree unanimously to extend the deadline. On Monday, he urged colleagues to “come together now” to oppose the Conservative government, but he already has challengers.

Gove added: “Theresa May has been an outstanding Home Secretary”.

Those who campaigned for a British exit, or Brexit, say any economic pain will be temporary, and that leaving the European Union will open up new trading possibilities with other regions. And a weak or broken Labour party is likely to boost the fortunes of Ukip, increasing pressure on the government to take an uncompromising line in negotiations with the EU. I’m the candidate for leader who is changing our prisons and our justice system.

Energy minister Andrea Leadsom: The 53-year-old former banker and fund manager was one of the stars of the Leave campaign.

Leadsom is one of the least-known among the five candidates to replace Cameron, but gained attention as one of the strongest voices for a vote to leave the EU.

May has already said she’s not going to call a general election if she is elected leader.

May said she would negotiate the “best possible access for trade in goods and services”.