Britain's EU commissioner, finance chief Hill, says resigning
Updated: 2016-06-25 21:48
(Agencies)
|
|||||||||
Britain's EU Commissioner Lord Jonathan Hill seen in Brussels October 7, 2014. File Photo taken October 7, 2014.[Photo/Agencies] |
BRUSSELS - Britain's representative on the EU executive in Brussels, Financial Services Commissioner Jonathan Hill, said on Saturday he was resigning following the referendum vote for Brexit which he had campaigned against.
"I don't believe it is right that I should carry on as the British commissioner as though nothing had happened," Hill said in a statement. "I have therefore told (European Commission President Jean-Claude Juncker) that I shall stand down.
"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."
Hill, 55, a professional lobbyist and former Conservative party leader in Britain's upper house of parliament, follows his close ally Prime Minister David Cameron in stepping down in the wake of the referendum on Thursday.
He had already faced calls in the European Parliament to give up the sensitive financial services portfolio, which will be a focus of interest in exit negotiations between Brussels and London. He has had a key role in setting regulations that give Britain's huge banking sector access to euro zone markets.
As long as Britain remains an EU member it will continue to have a seat on the 28-strong Commission, giving Cameron, or more likely his successor, a right to nominate another commissioner, whose appointment would be subject to EU parliamentary approval.
The distribution of portfolios in the Commission is in the gift of its president, former Luxembourg premier Juncker, in negotiation with the leader of the member state nominating their commissioner.
Hill's appointment to the finance job in 2014 was seen as a peace offering from Juncker to Cameron, who had tried to block the Commission president's own appointment that year. It was viewed with some suspicion by euro zone bankers keen to challenge London's dominance as Europe's financial capital.
- US urged not to rock the boat by flexing its muscles
- UK's EU referendum polls show 'Leave', 'Remain' tied up
- DPRK yet to confirm suspected missile launches
- Chinese panda expert concerned by sick panda in US
- British MPs pay tribute to murdered MP Jo Cox
- DPRK deploys Musudan ballistic missile in east coast
- UK votes to LEAVE the EU in historic referendum
- Aussie Ben Simmons picked by 76ers as No 1 in NBA Draft
- Ancient scroll's digital art show staged in Beijing airport
- University students go underwater to celebrate graduation
- Ten photos from around China: June 17 - 23
- Rising above the clouds: Mist envelops Qingdao
- In pictures: Countdown to Brexit referendum
- Top 10 classic Walt Disney animated films
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Abe's blame game reveals his policies failing to get results
Ending wildlife trafficking must be policy priority in Asia
Effects of supply-side reform take time to be seen
Chinese State Councilor Yang Jiechi to meet Kerry
Chinese stocks surge on back of MSCI rumors
Liang avoids jail in shooting death
China's finance minister addresses ratings downgrade
Duke alumni visit Chinese Embassy
US Weekly
Geared to go |
The place to be |