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In a move that has rocked the British political scene, David Cameron has announced his retirement from politics with immediate effect and is to become the host of a late night chat show. The shock move came in the wake of the £1.7bn bill from the EU, which is due to be paid by December 1st. Sources close to the former Prime Minister say that he had been considering stepping down for some time and this latest crisis gave him the incentive to take the drastic step.

As a result of his resignation, the Liberal Democrat leader, Nick Clegg, is now Prime Minister and, although an official statement has not yet been made, it is believed that Esther McVey is to be the new Deputy Prime Minister. Just minutes after Cameron informed the world of his decision, with rumours of the new leadership team running rife, the value of the…

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