EU leaders urge new PM May to start Brexit divorce

Queen Elizabeth II welcomes Theresa May left at the start of an audience in Buckingham Palace London where she invited the former Home Secretary to become Prime Minister and form a new government Wednesday

Britain's new Prime Minister Theresa May wanted Britain to stay in the European Union, but the government she has unveiled leaves little doubt that she intends to fulfill voters' instructions and take the United Kingdom out of the 28-nation bloc.

Taking office three weeks after the vote to leave the bloc, May, who campaigned to stay in the European Union, installed "Leave" leader Boris Johnson as foreign minister, despite his history of diplomatic gaffes.

Hammond, the former foreign secretary, replaces George Osborne, who had held the job for six years.

Hammond said Thursday that there will be no emergency budget to deal with the economic fallout from Brexit.

Ever since the referendum on June 23, there have been questions about whether Ms. The pound rose sharply on the news, while shares fell.

Philip Hammond, who was Foreign Secretary under David Cameron, was put in charge of the Treasury in his place.

But EU leaders have made clear that free movement is a fundamental principle that goes hand-in-hand with access to the bloc's tariff-free single market, a stance that will hugely complicate May's task in hammering out new terms of trade.

"Of course we've got to reduce the deficit further but looking at how and when and at what pace we do that.is something that we now need to consider in the light of the new circumstances that the economy is facing". She will now have to manage the toughest of them all - the divorce from Europe that she had actually campaigned against.

Acknowledging the struggles faced by many, May declared: "The government I lead will be driven not by the interests of the privileged few, but by yours".

Allison: "I think most people would have a message for the President of the European Commission, Jean-Claude Juncker, which is "he wants the British government to get on with it as rapidly as possible", and that message would be "you don't get to tell us what to do anymore under these circumstances".

Britons chose Brexit despite a barrage of warnings that severing ties would create huge uncertainty and plunge the economy into recession.

He said that to secure a good deal Britain's first port of call should be Berlin, not Brussels - where vehicle exporters like Audi, BMW, Mercedes and Volkswagen would not be willing to risk running into trade tariff in their exports to the UK. She acknowledged that the referendum, which led to her taking power, would be carried out by the government - even if she was not a supporter. The Thomson Reuters/Ipsos Primary Consumer Sentiment Index fell to 49.4 in July from last month's 51.2.

"As I once said, I was the future once", Cameron noted, as his wife and children watched from the public gallery.

May's first order of business was assembling her new Cabinet, to include a "Brexit" minister tasked with overseeing the European Union split.

May will be Britain's second female prime minister, following in the footsteps of Margaret Thatcher, her fellow Conservative with whom she has inevitably been compared. The Northern Ireland minister also quit.

Top Brexit campaigner and former London mayor Boris Johnson has been named foreign minister by new British Prime Minister Theresa May.

"She won't be an easy partner for the European Union", said one senior European Union official familiar with negotiations in which May has taken part, adding that she does not change her tune easily.

On the issue of the huge gap between rich and poor in the country, Mrs May said: "When we pass new laws we will listen not to the mighty but you".

In another instance, the new Foreign Secretary was forced to apologise back in 2008 after he was presented with his comments, written five years earlier, about black people.

After presenting herself as the unity candidate, the incoming leader is expected to offer plum posts to leading figures from both camps in the European Union referendum.

With his unkempt blonde hair, bumbling humour and penchant for gaffes, he is a colourful but contentious choice for conducting sensitive diplomacy with world leaders.

During his last audience with the Queen, Mr Cameron tendered his resignation as Prime Minister.

Reaction from Paris to his appointment was blunt.

"I will miss the barbs from the opposition", Cameron said, promising to watch future exchanges as a regular Conservative lawmaker on the back benches.