:00:14. > :00:16.Hello, I'm Karen Chin only, welcome to a special edition of outside
:00:17. > :00:18.source. Just one story today -
:00:19. > :00:27.Theresa May becomes Britain's We will make Britain a country that
:00:28. > :00:32.works not for a privileged few but for everyone of us. That will be the
:00:33. > :00:34.mission of the Government I lead, and together we will build a better
:00:35. > :00:36.Britain. Theresa May was officially appointed
:00:37. > :00:38.by the Queen at Buckingham Palace. She's already appointed some key
:00:39. > :00:41.posts in her Cabinet - the most eye-catching so far
:00:42. > :00:43.is that the former Mayor of London Boris Johnson
:00:44. > :00:48.as Foreign Minister. Earlier David Cameron
:00:49. > :00:50.made his resignation speech with his wife
:00:51. > :00:53.and children beside him. He made a passionate defence
:00:54. > :01:09.of his time in office. As we leave for the last time, my
:01:10. > :01:11.only wish is continued success for this great country that I love so
:01:12. > :01:15.very much. Thank you. We'll also get international
:01:16. > :01:17.reaction to today's events, including from Europe
:01:18. > :01:19.where they'll be eager to know Use the hashtag #BBCOS
:01:20. > :01:41.to get in touch. Let's go straight to my colleague
:01:42. > :01:45.Matthew Amroliwala in Westminster. Good evening from Westminster
:01:46. > :01:47.where tonight, not far from here, Theresa May is having a busy first
:01:48. > :01:52.evening as Prime Minister. She visited the Queen
:01:53. > :01:54.at Buckingham Palace where she was formally
:01:55. > :01:59.made Prime Minister. Then she travelled to Downing Street
:02:00. > :02:02.in the prime ministerial car, Soon after that she began
:02:03. > :02:16.making her first We have had the names through the
:02:17. > :02:20.course of the last few hours. The first news to emerge was that George
:02:21. > :02:24.Osborne has left the Government and his post of Chancellor of the
:02:25. > :02:28.Exchequer, which he had held for six years. He has been replaced by
:02:29. > :02:33.Philip Hammond, a close personal friend of Theresa May and who had
:02:34. > :02:36.been Foreign Secretary. The major surprises that Boris Johnson is
:02:37. > :02:41.taking over the crucial and sensitive role of Foreign Secretary
:02:42. > :02:44.in his first major role in Government. Amber Rudd, who
:02:45. > :02:49.campaigned to remain in the EU, has been appointed as Home Secretary.
:02:50. > :02:53.One of the Government departments which will not have a new head as
:02:54. > :02:57.part of the shake-up is Michael Fallon, who retains his position as
:02:58. > :03:03.Defence Secretary. David Davis, who was Europe minister
:03:04. > :03:04.in the 1990s, has been appointed Secretary of State for leaving the
:03:05. > :03:07.EU, a crucial name. Let's get more on that
:03:08. > :03:14.with Rob Watson. He is our UK political
:03:15. > :03:22.correspondent. Boris Johnson, first of all, the headline grabbing name.
:03:23. > :03:28.He is trying to get the balance between Leaders and Remainers in the
:03:29. > :03:31.Cabinet, and bringing women along. Let's get to Boris Johnson, the
:03:32. > :03:36.blonde bombshell of the Brexit campaign. What his appointment
:03:37. > :03:40.suggests is not that he is particularly close to Theresa May,
:03:41. > :03:44.it has happened because she knows that he is very popular amongst
:03:45. > :03:48.Conservative Party activist and in some ways this is what to keep him
:03:49. > :03:53.out of the way, keep him out of the country and do what he is good at,
:03:54. > :03:57.being a salesman. If nothing less, what we learned from the Brexit
:03:58. > :04:03.campaign is, boy, can Boris sell something. His job will be to sell
:04:04. > :04:07.Britain in the post-Brexit world. The crucial name, we spent a lot of
:04:08. > :04:13.time waiting for the name to emerge, David Davis, the man to lead the
:04:14. > :04:19.team to head the negotiations on Brexit. Not a household name in this
:04:20. > :04:23.country or internationally, he was lasting Government 20 years ago, I
:04:24. > :04:30.think somebody said Take That were making it big for the first time! He
:04:31. > :04:36.is a seasoned politician, a seasoned Eurosceptic and it shows that
:04:37. > :04:39.Theresa May understands that she cannot start her new Government on a
:04:40. > :04:43.war footing with those on the Leave side of the party, she is putting
:04:44. > :04:46.Cindy Merhi she thinks will be steady and basically clear up the
:04:47. > :04:52.mess that she believes the Leave campaigners have made. -- putting
:04:53. > :04:55.somebody in there who she believes. Many people thought that Philip
:04:56. > :05:00.Hammond and George Osborne would swap jobs. Nothing of it, George
:05:01. > :05:05.Osborne leaving Government. I'm not surprised, I am not trying to do and
:05:06. > :05:08.I told you so but I think it is important to remember that David
:05:09. > :05:16.Cameron and George Osborne were very much a package, 18, buy one and you
:05:17. > :05:20.get the other one. -- a package, a team. I don't think Theresa May will
:05:21. > :05:23.lead a very different Government, she has a lot in common with him,
:05:24. > :05:27.but she wanted to look and feel different, that is why she has
:05:28. > :05:32.talked of the idea of a new Government for the many, not the
:05:33. > :05:35.privileged few. I don't think it is a big ideological divide but I don't
:05:36. > :05:39.think you can start out sending out that kind of message, trying to stop
:05:40. > :05:44.the Conservatives being seen as the party of the rich and powerful with
:05:45. > :05:47.one of the key members of Cameron's team in place. Take me to the
:05:48. > :05:52.thinking on Philip Hammond and Amber Rudd? I think the thinking on Philip
:05:53. > :05:56.Hammond is a very safe pair of hands, a bit like herself, she would
:05:57. > :06:00.wanted to be seen that way, steadiness at the heart of
:06:01. > :06:04.Government. I do not expect a huge departure from the mild austerity
:06:05. > :06:10.programme of the last Government. Amber Rudd, we heard that she would
:06:11. > :06:14.want to be promoting women into senior roles, competent women, I
:06:15. > :06:17.think this is the first example. We will have more announcements and
:06:18. > :06:24.more junior positions in the hours and days ahead. Thank you for taking
:06:25. > :06:28.me through all these changes in the last few hours. It has been an
:06:29. > :06:31.historic day, from David Cameron's Lasse Prime Minister's Questions to
:06:32. > :06:36.his departure from Downing Street and finally Theresa May arriving as
:06:37. > :06:39.the new Prime Minister of Britain. Our political editor has been there
:06:40. > :06:41.for every twist and turn. Here is Laura Kuenssberg.
:06:42. > :06:44.Always a politician ready with a line.
:06:45. > :06:47.But with his family beside him, in front of the cameras
:06:48. > :06:50.like this for the first time, there was just the power of goodbye.
:06:51. > :06:58.and of course we've not got every decision right.
:06:59. > :07:02.But I do believe that today our country is much stronger.
:07:03. > :07:04.Above all, it was about turning around the economy,
:07:05. > :07:07.and with a deficit cut by two thirds, two and half
:07:08. > :07:12.in work and one million more businesses, there can be
:07:13. > :07:25.no doubt our economy is immeasurably stronger.
:07:26. > :07:32.The formal part of his farewell, something he promised when he
:07:33. > :07:34.promised a vote on EU. A last word from the Queen. Who knows what she
:07:35. > :07:39.gave? But before the regal sign-off,
:07:40. > :07:41.there had been time even after all the rancour,
:07:42. > :07:45.from the beating heart ..it was Prime Minister's
:07:46. > :07:57.comedy stand-up, rather Mr Speaker, this morning
:07:58. > :08:02.I had meetings with ministerial Other than one meeting this
:08:03. > :08:06.afternoon with Her Majesty the Queen, the diary for the rest
:08:07. > :08:24.of my day is remarkably light. Then the last of David Cameron
:08:25. > :08:30.at the despatch box. And that, in the end -
:08:31. > :08:32.the public service, Nothing is really impossible
:08:33. > :08:37.if you put your mind to it. After all, I once said,
:08:38. > :08:46.I was the future once! His job was to leave goodbye,
:08:47. > :08:49.gathering the family, leaving their way of life. Samantha Cameron
:08:50. > :08:54.alongside the parting Prime Minister with the three children all part of
:08:55. > :08:59.the grandest leaving to in time. Almost as speedily as the motorcycle
:09:00. > :09:04.outriders, the new Prime Minister swept into her job. Not elected by
:09:05. > :09:08.her party, not elected you or me, that the last few weeks have
:09:09. > :09:12.propelled Theresa May far quicker than she had ever expected to
:09:13. > :09:17.achieve her quiet ambition of accepting the Queen's invitation to
:09:18. > :09:21.run the country. She is no stranger to high office, but as the nation's
:09:22. > :09:25.leader, this epic first introduction.
:09:26. > :09:28.The Government I lead will be driven not by the interests
:09:29. > :09:30.of the privileged few, but by yours.
:09:31. > :09:33.We will do everything we can to give you more control over your lives.
:09:34. > :09:38.We are living through an important moment in our country's history.
:09:39. > :09:43.Following the referendum, we face a time of great national change.
:09:44. > :09:45.And I know, because we're Great Britain, that we will
:09:46. > :09:51.As we leave the European Union, we will forge a bold new positive
:09:52. > :10:01.role for ourselves in the world, and we will make Britain a country
:10:02. > :10:03.A leader who hopes for calm but might well surprise.
:10:04. > :10:05.Events will no doubt surprise Theresa May.
:10:06. > :10:07.But sometimes politicians find a moment.
:10:08. > :10:11.Sometimes it is the moment that finds them.
:10:12. > :10:20.Laura Kuenssberg, BBC News, Westminster.
:10:21. > :10:27.In Theresa May Manta, and straight down to work. We have had the early
:10:28. > :10:29.part of a Cabinet reshuffle -- in Theresa May went.
:10:30. > :10:33.Let's talk to Vicki Young in Downing Street.
:10:34. > :10:39.I just after 9pm, hasn't finished for this evening, will the rest of
:10:40. > :10:43.the reshuffle be done tomorrow? That's right, she's appointed the
:10:44. > :10:48.top jobs and made first foreign call, she has spoken to Angela
:10:49. > :10:53.Merkel, the German Chancellor, of course, that is the first call that
:10:54. > :10:57.was made. Pity significant given that the UK has just voted to leave
:10:58. > :11:01.the European Union. Theresa May knows that will dominate so much of
:11:02. > :11:05.what she does in the coming months and years. I think it is for that
:11:06. > :11:10.reason that she has set up a separate Brexit unit, if you like,
:11:11. > :11:17.with a Cabinet minister in charge of the negotiations when they start, in
:11:18. > :11:21.close -- in charge of setting out a vision. David Davis will take on
:11:22. > :11:26.that role and lead it. I think the headlines tomorrow will all be about
:11:27. > :11:30.Boris Johnson, the other big cheerleader for Brexit, as and about
:11:31. > :11:34.during that campaign. He has been rewarded with the job of Foreign
:11:35. > :11:39.Secretary. He will have an awful lot to prove. Some believe that he is
:11:40. > :11:44.too frivolous for that job, his friends, of course, say he has been
:11:45. > :11:51.Mayor of London, revs of a capital city, he wants to do something
:11:52. > :11:54.serious, to be taken seriously, and Theresa May is putting an awful lot
:11:55. > :11:57.of trust in him, which she hopes will be rewarded. I think what she
:11:58. > :12:02.is saying to the party and the country is that she is serious about
:12:03. > :12:05.Brexit, she will not go back on the referendum result, so the key
:12:06. > :12:10.appointments to nights are around the whole issue of the UK leaving
:12:11. > :12:15.the European Union. Brexit is the absolute priority, as
:12:16. > :12:22.you said, and focus. What did you make of what Theresa May said as she
:12:23. > :12:24.entered Downing Street? It was incredibly striking. Some suggested
:12:25. > :12:28.that was a speech that could have been made by the Leader of the
:12:29. > :12:33.Opposition Labour Party in this country. She talked about helping
:12:34. > :12:35.the disadvantaged, she said that everything she did in Government
:12:36. > :12:40.would be seen and she would think about those who do not have very
:12:41. > :12:45.much, those who are struggling to make ends meet, those who have not
:12:46. > :12:49.had the opportunities that some of the more privileged in society have
:12:50. > :12:56.had. That is her mission, she called it a mission. This is what her words
:12:57. > :12:59.were, now she has to act on it. Appointments tomorrow in departments
:13:00. > :13:04.like education and health and the other areas of Government will be
:13:05. > :13:09.very crucial as well. They will have to look at the domestic agenda.
:13:10. > :13:11.Others so much emphasis would be Brexit and the European Union and
:13:12. > :13:16.they are negotiations when they come, she has an awful lot that she
:13:17. > :13:20.wants to do. She has set out very clearly what her vision is, she has
:13:21. > :13:24.said she wanted to continue the work of David Cameron. She called him a
:13:25. > :13:29.one nation Conservative and said that she wanted to continue in that
:13:30. > :13:33.role, seen as a moderniser, somebody in touch with modern society in
:13:34. > :13:37.Britain. That is what she aims to do. They are just words at the
:13:38. > :13:41.moment, but in the coming days and weeks she will want to put that into
:13:42. > :13:46.action. It is almost like British politics has been jammed on fast
:13:47. > :13:50.forward for the last three weeks. It is extraordinary, the pace of
:13:51. > :13:54.things, Theresa May going in but David Cameron coming out. You were
:13:55. > :13:59.there in Downing Street when you saw that, what was that like? An
:14:00. > :14:04.incredible thing, watching that handover of power and how quickly it
:14:05. > :14:08.comes when it has been made. Remember that and a warning David
:14:09. > :14:14.Cameron 40 had until September to think about his legacy, to leave
:14:15. > :14:18.here, make speeches -- David Cameron thought he had until September.
:14:19. > :14:21.Dramatically, the leadership contest folded when the other contender
:14:22. > :14:25.pulled out and Theresa May discovered she would be Prime
:14:26. > :14:29.Minister by Wednesday. I think David Cameron will be concerned about his
:14:30. > :14:32.legacy, certainly right now it can't be seen as anything other than a
:14:33. > :14:37.failure in terms of him losing a referendum. He did not want the UK
:14:38. > :14:40.to leave the EU, that went against him and that precipitated his
:14:41. > :14:44.departure from Downing Street. He wants to be a member for other
:14:45. > :14:48.things, sorting out the economy. When he became Prime Minister back
:14:49. > :14:52.in 2010 he went into coalition with the Lib Dems, another party,
:14:53. > :14:56.something that had not really been done before in that way. He would
:14:57. > :15:00.say that he steadied the ship, employment has been rising in the
:15:01. > :15:05.country, growth has been on the up, he feels that with social policies
:15:06. > :15:11.like legalising gay marriage he has changed the face of written. That is
:15:12. > :15:14.how he would want to be remembered but, for now, everybody will
:15:15. > :15:21.remember that referendum results. Vicki Young in Westminster, thanks
:15:22. > :15:22.once again. Let's continue the conversation.
:15:23. > :15:25.Let's speak to Baroness Anne Jenkin, Conservative peer who co-founded
:15:26. > :15:28.Women2Win with Theresa May in 2005 in order to get more
:15:29. > :15:36.Thank you so much for being here with me at the end of another
:15:37. > :15:41.extraordinary day. What have you made of today, to see Theresa May go
:15:42. > :15:45.through that door? I'm extremely proud, I never bought as a young
:15:46. > :15:49.woman that I would actually see, let alone meat and no two Conservative
:15:50. > :15:56.women Prime Minister 's. Both of whom have stature and seriousness
:15:57. > :16:02.that will lead the country to very challenging periods, which lies
:16:03. > :16:06.ahead for Theresa. I'm very proud and optimistic. Although slightly
:16:07. > :16:14.scared. Like a scared? The girl because we are in unprecedented
:16:15. > :16:18.times. -- slightly scared? Because we are in unprecedented times, but
:16:19. > :16:23.we are in the hands of somebody dedicated incompetent, she will not
:16:24. > :16:30.spend the evening 's chill axing, I don't imagine she has opened
:16:31. > :16:33.champagne since this happened. We are in unprecedented times, globally
:16:34. > :16:38.and nationally, I am scared like some people in the country are. But
:16:39. > :16:41.there is also a feeling that there is a bit less testosterone and
:16:42. > :16:46.adrenaline from the Westminster village, we will calm down a little.
:16:47. > :16:50.In terms of the group that you've co-founded with Theresa May, we only
:16:51. > :16:56.had one woman in the top flight, six or seven names so far. Do you
:16:57. > :17:01.anticipate many more? Luckily we now have a pretty good pool from which
:17:02. > :17:05.she can fish. When Theresa May herself was elected to Parliament in
:17:06. > :17:12.1997 she was one of 13 conservative women MPs, the same as in 1931. We
:17:13. > :17:19.have 68 today. And enough women with experience, competent. I am sure we
:17:20. > :17:25.will see more. And not just more in the Cabinet bit in the junior ranks.
:17:26. > :17:29.The pipeline is very important. What did you make of what she said coming
:17:30. > :17:37.into Downing Street, listing groups like the poor, black people, women,
:17:38. > :17:40.working class white boys not getting into school? What did you make of
:17:41. > :17:46.who she was talking to? Did that surprise you, the Theresa May that
:17:47. > :17:51.you know? The God no, she is a very caring person. She is ambitious, not
:17:52. > :17:55.the herself personally, but the country. The referendum vote woke up
:17:56. > :17:59.a lot of people to the divisions in this country, people who would
:18:00. > :18:04.rather turn a blind eye to it. I think she reflects a feeling that we
:18:05. > :18:09.must look after those who felt left behind by globalisation, left behind
:18:10. > :18:15.because of austerity in recent years. I am not at all surprised
:18:16. > :18:19.that those other groups to whom she is talking today. Thank you so much
:18:20. > :18:24.for being on the green with me today. Plenty more from me in a few
:18:25. > :18:26.minutes. Now back to the studio. Still to come on Outside Source -
:18:27. > :18:29.we'll be live to New York and Washington to find out US market
:18:30. > :18:32.and political reaction to the news David Cameron took the opportunity
:18:33. > :18:43.to take a final jab at Labour Leader Jeremy Corbyn
:18:44. > :18:45.in his last Prime In good jest, he said Mr Corbyn
:18:46. > :18:49.reminded him of the black knight in Monty Python and the Holy Grail
:18:50. > :18:52.over his refusal to step He also compared the apparent
:18:53. > :18:56.leadership crisis in Labour to the complete overhaul
:18:57. > :18:59.of the Conservatives in the days following his resignation
:19:00. > :19:12.as Prime Minister. Let's just take the last week, we
:19:13. > :19:17.have both been having these leadership elections. We got on with
:19:18. > :19:19.it, we have had resignation, nomination, competition and
:19:20. > :19:31.coronation. They haven't even decided what the rules are yet!
:19:32. > :19:35.If I ever got into power, it would take about a year to work out who
:19:36. > :19:39.would sit where! Jeremy Corbyn exoneration Mark
:19:40. > :19:40.democracy is an exciting and splendoured thing, I am enjoying
:19:41. > :19:46.every moment of it. This is Outside Source live
:19:47. > :19:48.from the BBC newsroom. It is our only story of the evening
:19:49. > :19:56.at the moment. Theresa May has become
:19:57. > :19:59.the new British Prime Minister. She was officially appointed
:20:00. > :20:01.by the Queen at Buckingham Palace. She's been making her
:20:02. > :20:03.Cabinet appointments - Boris Johnson will be Foreign
:20:04. > :20:05.Secretary. Earlier David Cameron left
:20:06. > :20:07.Downing Street for the last time He made a speech defending his
:20:08. > :20:12.record, saying Britain had become Time for Outside Source Business
:20:13. > :20:27.now, and I just want to begin with this tweet from the now-former
:20:28. > :20:30.British Chancellor of the Exchequer until about an hour
:20:31. > :20:36.or so ago, George Osborne. As you know, he resigned
:20:37. > :20:38.from Government just Well, the pound has fallen back
:20:39. > :20:44.against the dollar It had enjoyed a little lift
:20:45. > :20:53.earlier in the week. As you can see in this graph,
:20:54. > :20:56.that was after the news that Theresa May would be Prime Minister,
:20:57. > :20:58.removing the prospect of a prolonged leadership contest
:20:59. > :21:00.in the Conservative Party. The world is waiting now to see how
:21:01. > :21:04.the new Prime Minister will approach negotiations with
:21:05. > :21:06.Europe over Brexit. Let me show you this comment
:21:07. > :21:09.from the US Treasury Let's bring in our correspondent
:21:10. > :21:39.in New York now, Samira Hussain. What is Jacob Lew mean when he says
:21:40. > :21:43.that? What he wants to see is both sides showing flexibility when it
:21:44. > :21:48.comes to trying to negotiate a deal. A long, protracted debate between
:21:49. > :21:54.the UK and the EU in terms of what would happen in a Brexit type
:21:55. > :22:00.scenario is not very good for markets or for investors or the
:22:01. > :22:07.global economy. He is trying to put in words of stability for investors.
:22:08. > :22:12.When we hear that businesslike stability, why are they so keen on
:22:13. > :22:17.ensuring this stable environment? What do they need? Think of it as a
:22:18. > :22:20.relationship you would have in life. Would you rather have a rock and
:22:21. > :22:24.roll relationship when you did not really know where things were going,
:22:25. > :22:28.or are very stable relationship in which you knew where things stood?
:22:29. > :22:33.That is pretty much what markets and businesses like, they like addicts
:22:34. > :22:37.ability, to know what is coming down the pipeline. As long as they are
:22:38. > :22:44.not surprised, they can make really informed business choices -- they
:22:45. > :22:48.like predictability. In some ways, seeing some resolution to who is
:22:49. > :22:53.leading the UK offers some of that stability. At the same time, the
:22:54. > :22:56.fact we are seeing about George Osborne will no longer be Chancellor
:22:57. > :23:02.of the Exchequer and Philip Hammond will be taking that spot, that
:23:03. > :23:07.offers a little bit more on the instability side because somebody
:23:08. > :23:11.else will be taking on the reins and seeing the country through,
:23:12. > :23:16.financially. Thank you very much Samir Hussein, with some reaction
:23:17. > :23:21.from New York and the United States. Matthew is at Westminster. It is
:23:22. > :23:26.hard to believe that three weeks ago none of this had happened, we were
:23:27. > :23:30.on the eve of a referendum, what a three weeks it has been an day after
:23:31. > :23:36.day we keep saying, what an extraordinary day! Extraordinary,
:23:37. > :23:44.and today has been in the same vein in terms of the speeds and the
:23:45. > :23:46.change. Today we saw one Prime Minister exit number ten one minute,
:23:47. > :23:54.and then a new person go through the door. It made a huge drama, starting
:23:55. > :23:58.with Prime Minister's Questions with so many warm, genuine tributes to
:23:59. > :24:03.David Cameron in the Commons. He seems to love it. He is in his
:24:04. > :24:10.element at the dispatch box. His sharp political minds and humour and
:24:11. > :24:14.the brutal put-downs, I suppose most of those aimed at Jeremy Corbyn
:24:15. > :24:21.today, but after that he was back at Downing Street, putting the final
:24:22. > :24:26.touches to, of course, leaving their as his home. Then it was the journey
:24:27. > :24:33.to the Palace, that short meeting with the Queen. Before that he came
:24:34. > :24:38.out in front of Number Ten with his family, his wife and children. A
:24:39. > :24:43.final wave. He spoke in such warm terms about bringing up his
:24:44. > :24:47.children, his family there at Downing Street. He spoke of
:24:48. > :24:55.semantic, the love of his life, you said, who had kept him vaguely sane.
:24:56. > :25:00.Then before he left he spoke about the same thing he did in the Commons
:25:01. > :25:05.I'm talking about what he thought were his achievements in the last
:25:06. > :25:09.six years. So many people have made the obvious observations which is,
:25:10. > :25:17.despite all that over the last six years and two months, many people
:25:18. > :25:21.think he will be remembered, his legacy was simply be one word,
:25:22. > :25:26.Brexit. Nobody will be under any illusion, including Theresa May,
:25:27. > :25:33.that there will be any honeymoon period? No honeymoon period. She
:25:34. > :25:38.went to the door into Number Ten and began the task of pulling together
:25:39. > :25:42.her team. We have had the big beasts already announced. Auris Johnson has
:25:43. > :25:48.been the surprise announcement -- wrist Johnson. And the brake of the
:25:49. > :25:53.past, with George Osborne going back to the backbenches. She is straight
:25:54. > :25:59.down to work, that is exactly how she likes to see herself. Plenty
:26:00. > :26:01.more coming up today on Outside Source From Westminster, Don't Go
:26:02. > :26:04.Away.