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New prime minister and Tory leader in place by September 2

“The economy is in good hands”, he said, praising “In” campaigners Prime Minister David Cameron and finance minister George Osborne for the work they have done to reduce public spending.

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Mr Cameron announced he will step down in time for the Conservative Party conference in October following the Brexit vote.

“The guy young people liked but now young people are absolutely furious with him”, Mr Campbell said.

One fourth of respondents also made a decision to freeze recruitment due to the vote, the study also said.

It is expected that former London mayor Boris Johnson, a leading figure in the Leave campaign and favourite for the post, will announce his candidacy shortly.

“However, since the European Union referendum she has been consistently the most heavily backed contender as has now overtaken Boris, who has been favourite all year, in the betting”.

“It isn’t in my nature to do things by half-measure, and I fought the referendum campaign with everything I’ve got”. It makes you weep, but I was just on the way here earlier, bumping into a woman who stopped me and said she felt really bad because she voted Leave.

“I was full-throttled in arguing for remaining in the European Union and because half my party wanted to leave the EU I don’t think I can be the person to bring this party together, at the moment”, he told BBC today. “And I will do all I can to support the new prime minister in bringing our party back together and tackling the country’s challenges”.

As the party is now in government, whoever becomes the new leader will by default become Prime Minister.

If, by 12 noon this Thursday, there are more than two people who have put themselves forward they will then face a run off in a series of contests, within the 331-member parliamentary Conservative Party.

In a sign of the extent to which MPs are considering alliances it emerged that Stephen Crabb, the Work and Pensions Secretary, was discussing running on a joint ticket separately with Nicky Morgan, the Education Secretary, and Sajid Javid, the Business Secretary, to win votes from the 2010 intake.

He also reacted to Scottish First Minister Nicola Sturgeon’s statement that a new independence referendum within two years was now “highly likely” because most Scots had voted to stay in the EU.

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Johnson said Bank of England governor Mark Carney, who came under fire from some Brexit campaigners ahead of the referendum for flagging the risks of leaving the bloc, should continue in his job.

AFP  GettyRivals Boris Johnson and his leadership rival Theresa May