Speaking outside Downing Street, Johnson said the process for choosing the new leader of the Conservative Party should begin now, with a timetable to be announced next week.
He said he intends to remain in place until a new Tory leader is elected.
His decision to remain in office comes despite a clear lack of support from within his own party and a growing push across the political spectrum for him to step down immediately, CNBC News reported.
Johnson said he was “sad to be giving up the best job in the world,” but conceded that “no one is remotely indispensable” in politics.
Referring to members of his own ruling party who turned against him, Johnson said, “At Westminster, the herd instinct is powerful and when the herd moves, it moves.”
MA/PR
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