New Prime Minister for the UK today

Ayrault also predicted that Johnson has an uphill struggle ahead of him remarking that "now it's him with his back against the wall to defend his country and to clarify his relationship with Europe".

In a major surprise, May named Johnson, a leading eurosceptic who had until recently been seen as her main rival for the prime minister's job, to take over as foreign secretary.

"The number one challenge is to stabilize the economy, send signals of confidence about the future, the plans we have for the future, to the markets, to businesses, to worldwide investors", Hammond told Sky News. Asked what he expected of working with Johnson, given such comments, Finance Minister Wolfgang Schaeuble said - to laughter - "you see that it's an advantage not to have such a great command of the English language".

"We've both been having these leadership elections. So I don't know what you're talking about". She has already been likened to Germany's Merkel for her cautious, low-key style.

Lew spoke Thursday after meeting German counterpart Wolfgang Schaeuble on a tour of several European countries.

The David Cameron-Osborne combine that dominated Conservative politics for over a decade stood excluded in the new dispensation under May, clearing the way for the prime minister to put her own stamp on the party and the government. In a speech on July 11th she talked of more investment in infrastructure (though she is opposed to a third runway at Heathrow airport) and of the need to improve Britain's lamentable productivity.

Justine Greening, formerly in charge of worldwide development, is now education secretary and minister for women and equalities.

Cameron used his final day in office to try to stake a claim on a legacy beyond his status as the prime minister who - by gambling on a referendum - took Britain out of the EU.

May herself had sided with Cameron in trying to keep Britain inside the European Union, so needed to reach out to the winning Leave side in order to heal divisions in the ruling party and show her commitment to respecting the popular vote. Britain has never had a trade minister because all of its trade arrangements were done through the EU. "And as we leave for the last time, my only wish is continued success for this great country that I love so very much". "What was said in the Eurogroup and the Commission also pointed it out, is that it could be useful to do all of these quickly and if possible in one go", Eurogroup chief Jeroen Dijsselbloem said.

Minutes later, May arrived at the palace, accompanied by her husband Philip.

The palace confirmed in a brief, formal statement that “the Right Honorable David Cameron MP had an Audience of The Queen this evening and tendered his resignation as Prime Minister and First Lord of the Treasury, which Her Majesty was graciously pleased to accept.”.

The three other cabinet members announced so far are Michael Fallon, who will remain as defense secretary, Amber Rudd as the new home secretary, and Liam Fox as the secretary of worldwide trade.

He left the chamber to applause from all sides of the House and a standing ovation from his Conservative colleagues.

Angela Eagle, the former Shadow Business Secretary, launched her leadership bid on Monday.

She has also fired Education Secretary Nicky Morgan, who backed Gove's short-lived leadership campaign. There is no accurate data on how many Brazilians live in British soil, but estimates say that there are 300,000.

"I voted to remain in European Union and I am happy I voted to remain".

After the British chose to leave the European Union, citizens of other countries living in the United Kingdom started to question how the "Brexit" will affect their lives.

Bank of England Governor Mark Carney said on Tuesday that the expected economic hit from Brexit could prompt the central bank to provide more stimulus.

Hammond was one of Prime Minister Theresa May's first appointments, and one of his immediate tasks was to take to the airwaves in hopes of offering calming tones of reassurance to the markets and the general public about the economy.

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