Photo: ReutersLondon: Outgoing Prime Minister David Cameron urged his successor Theresa May on Wednesday to keep Britain close to the European Union, even as she embarks on the monumental task of ending four decades of membership. Before the referendum, May had campaigned for Britain to remain in the EU, albeit in a low-key fashion. Financial markets, which had been extremely volatile since the referendum, reacted positively to news on Monday that May would become prime minister earlier than expected. May was due to pay her own visit to the monarch to be formally entrusted with the job, before entering 10 Downing Street as Britain’s second woman prime minister after Margaret Thatcher. Since the vote, she has repeatedly said that “Brexit means Brexit” and her backers say she is determined to make the exit a success.

Source: Mint July 13, 2016 15:43 UTC