David Cameron said EU leaders are not clamoring for Article 50 to be triggered, bringing a formal start to the UK's negotiations ahead of withdrawal from the EU.
Speaking at Prime Minister's Questions following his trip to the European Council in Brussels on Tuesday, he said: "The triggering of Article 50 (is) rightly for the next prime minister and the council clearly understood and respected that."
David Cameron has ruled out suspending the finance ministry's fiscal rules to cope with lower tax revenues following Brexit.
Speaking at Prime Minister's Questions, he said: "I don't think that would be the right approach. What business needs to hear, what consumers and investors and people concerned about our economy want to hear, is that we have taken huge steps over the last six years to get the budget deficit down, to make the British economy more competitive, to make us an attractive destination for investment, they want those things to continue.
"If we do see economic difficulties, one of the ways to react to that is to make sure that our public finances remain strong.
"We shouldn't have taken all of the steps of the last six years to get the deficit down in order to see us get onto a more difficult path."
Prime Minister insists the UK will maintain a strong relationship with Europe especially on trade and security, even after it leaves the EU.Read the full story ›
David Cameron has arrived at the European Parliament for the first time since last week's EU referendum.
It is likely to be his last European Council summit as Prime Minister.
Government sources said that the PM would use the potentially awkward meeting to urge the other 27 leaders and EU institutions to take a "constructive" approach to negotiations over a new relationship with the UK.
David Cameron is meeting leaders of other EU states for the first time since the referendum vote for Brexit.Read the full story ›
Labour MP Harriet Harman has said "I never thought I'd see the day when I wish a Tory prime minister would win a vote, but last Thursday I did".
Addressing the Commons, she added: "I think the country will pay a bitter price for the fact that he lost this one."
David Cameron said Britain required "fresh leadership" to "steer the country" out of the EU.Read the full story ›
David Cameron may announce his resignation after Britain voted to leave the European Union.
JK Rowling has said David Cameron's legacy will be "breaking up two unions".
The decision to leave the EU has sparked fears of a second Scottish referendum.
Over 80 Tory MPs have signed a letter calling on David Cameron to continue as prime minister - whatever the result of the EU referendum.Read the full story ›