Cameron succession: Osborne rules himself out

LONDON — UK Chancellor of the Exchequer George Osborne ruled himself out of the race to succeed David Cameron as prime minister.

Osborne, a close political ally of Cameron and one-time favourite to follow him into the premiership, wrote in the Times newspaper that he had become too divisive after last week’s referendum over membership of the European Union.

The chancellor campaigned for a Remain vote alongside Cameron, who announced Friday that he will quit within weeks after the nation opted to leave the EU, triggering a leadership contest in his Conservative Party.

In a BBC radio interview, he also flagged the inevitability of increased taxes and budget cuts as a result of Brexit.

"We are absolutely going to have to provide fiscal security to people, we are going to have to show the country and the world that the government can live within its means," he told BBC radio.

Asked whether that meant tax rises and spending cuts, he said: "Yes, absolutely."

On the prime minister post, he wrote in Tuesday’s Times: "It isn’t in my nature to do things by half-measure, and I fought the referendum campaign with everything I’ve got, I believed in the cause and I fought hard for it.

"It is clear that while I completely accept the result, I am not the person to provide the unity my party needs."

A YouGov poll for the Times found Home Secretary Theresa May is backed to be the next party leader by 31% of Conservative voters, compared with 24% for former London mayor Boris Johnson, a leader of the Leave campaign.

The party is due to choose a new leader by September 2. If there are multiple candidates, Conservative MPs will whittle the short list down to two, and then party members nationwide will choose between them.

Comments (1)

britain is a poisoned chalice at the moment and who ever takes over from cameron must be shrewd & astute because speculaton & uncertainty is quite rife. abstinence is the only antidote for the laced goblet. the slope is slippery and one needs to tread with great care. give the button to the fore-leaders of brexit and let them lead britain to what they promised the people who answered their call by voting out! with osborne asking for the cup to pass, i find no takers brave enough to take the sip!

SaManyika Chaiye - 28 June 2016

Post a comment

Readers are kindly requested to refrain from using abusive, vulgar, racist, tribalistic, sexist, discriminatory and hurtful language when posting their comments on the Daily News website.
Those who transgress this civilised etiquette will be barred from contributing to our online discussions.
- Editor

Your email address will not be shared.