British Prime Minister David Cameron should not have announced his resignation at a time when the country needs his leadership the most.
This was stated by Urban Wellbeing, Housing and Local Government Minister Abdul Rahman Dahlan who was of the opinion that it was too early for Cameron to make the decision.
“I understand the sentiments of the British may be such, but what shocked us is the prime minister’s resignation at a time when Britain needs his leadership.
“I think it is too early for him to step down.
“He should do it when things are more stable,” said the Umno Supreme Council member after a meeting at the party’s headquarters here this evening.
Cameron, in a surprise announcement today, said he will resign by October.
This came following the country’s decision to leave the European Union after a referendum showed 51.7% of its people voted for the country to exit the bloc.
While many have expressed concern over the exit, which was said to possibly affect Malaysia’s economy, Umno Supreme Council member Johari Abdul Ghani believed the impact would not be as severe as predicted.
“There would be short-term impact. The investments will go down but it will be temporary.
”The market will recover after the market accepts the decision and so will the currency rates.”
Earlier, Prime Minister Najib Razak, who is also finance minister, said he did not expect a major impact on the Malaysian economy.
“I am confident that we will be able to weather this period of uncertainty. The government will also continue to strengthen the economy and further our fiscal reforms.
“But our economic exposure to the UK is limited as it is not among Malaysia’s top 10 trading partners and only accounts for about 1% of our total trade.”