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President Obama: UK will remain 'indispensable partner'

U.S. President Barack Obama. Credit: Pool

U.S. President Barack Obama has said he "respects" Britain's decision to leave the European Union.

In a statement issued by the White House, he said: "The special relationship between the United States and the United Kingdom is enduring, and the United Kingdom’s membership in NATO remains a vital cornerstone of U.S. foreign, security, and economic policy.

"So too is our relationship with the European Union, which has done so much to promote stability, stimulate economic growth, and foster the spread of democratic values and ideals across the continent and beyond.

"The United Kingdom and the European Union will remain indispensable partners of the United States even as they begin negotiating their ongoing relationship to ensure continued stability, security, and prosperity for Europe, Great Britain and Northern Ireland, and the world", he added.

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Thousands sign counter 'vote of confidence' in Corbyn

More than 22,500 people have signed an online petition in support of Jeremy Corbyn after senior Labour MPs tabled a motion of no confidence in the Labour leader following Britain's Brexit vote.

The petition, set up by a member of the public, declared a "vote of confidence" in Mr Corbyn within hours of the political move against the 67-year-old.

The petition shown on independent campaign group 38 Degrees Credit: 38degrees.org.uk

Labour grandee Dame Margaret Hodge earlier submitted the anti-Corbyn motion, seconded by backbencher Ann Coffey, to the Parliamentary Labour Party.

Ms Coffey said there had been "consistent dissatisfaction with (Corbyn) over the referendum campaign" which "increased" towards the end of the campaign.

She added: "This motion gives the parliamentary party ... their own right to have a view about his leadership."

Tory MP: Cameron's resignation a 'tragedy' but 'inevitable'

David Cameron's resignation as Prime Minister is a "tragedy", but "inevitable" a Conservative MP has said.

Michael Ellis praised Mr Cameron's ability to "build bridges" and also the fact that he led the first majority Conservative Government in over 20 years, and said he led the Coalition Government "admirably".

The MP for Northampton North said "calmness and good order" following the outcome of the EU referendum and the volatility of markets as a result.

Tony Blair: Brexit won't resolve immigration issues

"We're not going to resolve immigration issues by this vote," Tony Blair has told ITV News of Brexit.

The former prime minister said the answer to the challenges of globalisation was not to "give up our position in the largest commercial market and biggest political union in the world."

He added that he hopes Scotland stays part of the UK but it's now a "tricky argument."

On Northern Ireland he said that the vote would cause a "big strain on the nationalist community."

Osborne: I will do all I can to make Brexit decision work

Chancellor George Osborne. Credit: PA

Chancellor George Osborne has said the vote to leave the EU was "not the outcome I wanted" but that he will "do all I can to make it work".

Mr Osborne, who campaigned for remain, described it as a "hard fought campaign".

He said he had discussed the decision with G7 finance ministers and bank governors.

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Heseltine: Brexit has left Britain with a 'great gaping hole'

Former deputy prime minister Lord Heseltine has told ITV News the public vote to leave the European Union has created a "great gaping hole" at the centre of British life.

Lord Heseltine praised David Cameron as a "man of integrity" for standing down after losing the referendum but warned the country was facing a difficult future.

"We now don't have a destiny," he said. "What we have is a great gaping hole."

Lord Heseltine criticised the Leave campaigners for a "lack of vision" and said the calls for Scottish independence and the devaluing of the pound underlined the impact of the exit vote.

"We know what people were voting against yesterday but we don't know what they were voting for," he said. "Today you begin to see what the future has got to cope with."

Tim Farron: Corbyn was 'spineless' in remain campaign

Tim Farron has lambasted Jeremy Corbyn's performance for the remain campaign. Mr Farron called the Labour leader's performance "spineless" and said that he "sat on the fence".

The Liberal Democrat leader said he is "furious" with Mr Corbyn and influential figures who did not declare where they stood on the issue.

"Goodness knows where it all ends", the MP for Westmorland and Lonsdale said, adding "this is a very sad day for Britain".

Hodge: Corbyn failed and should let someone else lead

Margaret Hodge has told ITV News that Jeremy Corbyn's support for Britain to remain a part of the European Union was "half-hearted" as she called on him to step down.

He has "failed" in his leadership, the Barking & Dagenham MP said.

Speaking after tabling a motion of no confidence in the Labour leader, she said the party's voters had been muddled by Labour's message during the campaign.

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