David Cameron has resigned as British Prime Minister after Britain voted to leave the European Union.
Mr Cameron said the result was the "will of the British people" which was an "instruction which must be delivered".
He said the country required "fresh leadership" to "steer the country" out of the EU.
He said he will "steady the ship" over the coming months before stepping down within three months.
The referendum, called by Mr Cameron, delivered a shock victory for the Leave campaign.
The Brexit vote immediately sent the pound tumbling and sparked calls for Mr Cameron's resignation.
Jersey's States will spend £1.75 million for a specialist team to deal with the impact of Brexit.
In a letter, Theresa May says the islands will be engaged in the UK’s negotiations in relation to its exit and ongoing trade with the EU.
The UK government has a duty to represent the interests of the Islands when it comes to concerns over Brexit, Guernsey's President said