Outgoing British Prime Minister David Cameron said on Tuesday he wanted a "constructive" divorce from the European Union after last week's Brexit referendum and hoped for "the closest possible" ties when London leaves the 28-nation bloc. "Britain will be leaving the European Union but I want that process to be as constructive as possible and I hope the outcome can be as constructive as possible," Cameron said on arriving in Brussels for a summit with other EU leaders dominated by Brexit.
Britain urgently needs to establish a new relationship with the European Union, but should not serve its notice to quit the bloc until this new model had become clear, finance minister George Osborne told business leaders on Tuesday. "The truth is, for all of your businesses, that uncertainty will only really be resolved when we come to an agreement ... on the relationship we now want with our European partners..." Osborne said at a conference hosted by The Times newspaper. "And I think that's where the urgency is now required." He added that Britain should not trigger its two-year notice period to leave the EU, known as Article 50, until this relationship had become clear.