		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="1">
		</amp-ad>
				</div>
			</div>
		</div><p>The UK&#8217;s European Commissioner has announced he will stand down from his post in the wake of Thursday&#8217;s referendum vote to leave the EU.</p>
<p>Lord Hill of Oareford said he had told Commission president Jean-Claude Juncker that he will continue his work as commissioner for financial stability over the coming weeks to allow for an &#8220;orderly handover&#8221; of his responsibilities.</p>
<p>It was not immediately clear whether he will be replaced on the commission, which contains one member from each of the union&#8217;s 28 member states.</p>
<p>In a statement, Lord Hill said: &#8220;Like many people here and in the UK, I am obviously very disappointed about the result of the referendum.</p>
<p>&#8220;I wanted it to end differently and had hoped that Britain would want to play a role in arguing for an outward-looking, flexible, competitive, free-trade Europe. But the British people took a different decision and that is the way that democracy works.</p>
<p>&#8220;As we move to a new phase, I don&#8217;t believe it is right that I should carry on as the British Commissioner as though nothing had happened.</p>
<p>&#8220;In line with what I discussed with the president of the commission some weeks ago, I have therefore told him that I shall stand down.</p>
<p>&#8220;At the same time, there needs to be an orderly handover, so I have said that I will work with him to make sure that happens in the weeks ahead.&#8221;</p>
<p>Former PR lobbyist and Conservative minister Jonathan Hill, 55, was appointed by David Cameron in 2014 to take over the UK&#8217;s seat on the commission from Baroness Ashton, who had served under Mr Juncker&#8217;s predecessor Jose Manuel Barroso.</p>
<p>Lord Hill said: &#8220;I came to Brussels as someone who had campaigned against Britain joining the euro and who was sceptical about Europe.</p>
<p>&#8220;I will leave it certain that, despite its frustrations, our membership was good for our place in the world and good for our economy.</p>
<p>&#8220;But what is done cannot be undone and now we have to get on with making our new relationship with Europe work as well as possible.&#8221;</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ed3d60b8d37">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ed3d60b8d37',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
