Britain's Jothan Hill resigns as European fince commissioner

London, June 25: British Conservative politician Jothan Hill resigned on Saturday from his position as commissioner for fincial stability, fincial services and capital markets of the European Union after his country voted in favour of Britain’s exit, or Brexit, from the EU.

“In light of the referendum outcome, it’s right for me to stand down,” he announced on his Twitter account. In a statement, Lord Hill, who took office in November 2014, noted that he will work with European Commission President Jean Claude Juncker over the coming weeks to ensure “an orderly hand over”, reported Efe news.

“Like many people here and in the UK, I am obviously very disappointed about the result of the referendum,” Hill said, adding that he wanted it “to end differently”. “But the British people took a different decision, and that is the way that democracy works,” he said.

“As we move to a new phase, I don’t believe it is right that I should carry on as the British commissioner as though nothing had happened,” the Tory politician said to confirm that, as a consequence, he has told Juncker about his decision to resign. “I came to Brussels as someone who had campaigned against Britain joining the EU and who was sceptical about Europe,” he said in his farewell note. “I will leave it certain that, despite its frustrations, our membership was good for our place in the world and good for our economy,” he said. “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,” Lord Hill said. The Brexit vote also led to the resigtion of British Prime Minister David Cameron, who said that another Conservative leader will have to lead negotiations for leaving the EU. (IANS)