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World

VERBATIM: UK's EU commissioner to resign

Opening sequence

Opening sequence

World

VERBATIM: UK's EU commissioner to resign

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COMING UP:VERBATIM: UK's EU commissioner to resign

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Transcript

00:00:00
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MUSIC]
00:00:06
When something as huge as the decision in the British referendum takes place, actions have consequences, and I think that it's not possible for me to carry on properly. You have to listen to the will of the British people that's been expressed, and I have been very clear that the right thing to do is to stand down.
00:00:26
And that's what today I'm announcing. Financial services is hugely important for the United Kingdom. It's our biggest export market. It's the biggest contributor to our tax revenue. So, without the flourishing financial services, you don't get the revenue to pay for our hospitals and schools. So, hugely important. So I think it will be at the heart of the negotiation.
00:00:49
I, at the moment, find it hard to see how that negotiation can lead to a better result than we currently have in the simple market.