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CONNECT THE WORLD

22 Detained In Turkey in Connection to Terrorism; Boris Johnson Will Not Run for Leadership of Conservative Party; Theresa May Leading Candidate for Conservative Leadership; African Start-Up: Tria Group. Aired 11:00a- 12:00p ET

Aired June 30, 2016 - 11:00:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


(BEGIN VIDEO CLIP)

[11:00:22] BORIS JOHNSON, FRM. MAYOR OF LONDON: The view of the circumstances in parliament, I have concluded that person cannot be me.

(END VIDEO CLIP)

BECKY ANDERSON, HOST: Another Brexit shock as Boris Johnson shakes up British politics again.

We'll break down what this all means this hour.

Also...

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: But (inaudible) insisted, then came a bang and his brother was severely injured when a second blast went off.

(END VIDEO CLIP)

ANDERSON: Finding answers in Turkey. A country coming together in mourning as the death toll in Istanbul's airport terror attack rises.

All right just after 4:00 here in London. Hello and welcome. This is Connect the World with

me Becky Anderson.

Even in a week of incredible political surprises here, Boris Johnson announces that he won't run to be Britain's next prime minister has shocked

many. Before we get to this, let's get to Mark Carney, who is the governor of the Bank of England who is prepared with a statement on the British

economy.

(BANK OF ENGLAND PRESS CONFERENCE)

[11:18:26] ANDERSON: All right, that's Mark Carney speaking at the Bank of England.

we are covering every angle of the pill and financial fallout from this Brexit deal.

Let me bring in Nina dos Santos who is European editor for CNN Money and my good friend -- thank you, Robin, whose name I can't remember, who

I've been working with for 17 years. Thank you, Nina. Thank you, Robin.

Mark Carney, the result of the referendum is clear, but the effect on the economy isn't?

NINA DOS SANTOS, CNN MONEY: No. And those words will echo very loudly in the empty halls of power here in Westminster today, but also be

greeted with glee by the city of London here who have been expecting to hear about potential cuts in interest rates for the last very, very

turbulent three or four trading sessions.

Here's the snippets that I found really interesting. You think that, as you said the outcome of the referendum is far from clear, the

repercussions -- so the outcome of the referendum is clear, repercussions far from clear. And he was saying that he is expecting weakness to the UK

economy, and to mitigate this weakness is very likely not, quote unquote preempting his colleagues on the monetary policy committee because remember

it is a committee who decides on interest rates, but he thinks rates are going to have to come down as soon as this summer.

And that is being greeted when it comes to the foreign exchange markets with glee on the one hand, but stock markets but you can see the

pound is tumbling here. What this means is that people are expecting him to cut rather than in one fell swoop. Remember that interest

rates are at historic low of .5 percent in this country. The big question now is could he cut in two 25 basis point cuts or could he just cut in one

big cut down to zero.

[11:20:07] ANDERSON: All necessary steps needed to prepare for this were taken. And the Bank of England won't hesitate to act to meet its

responsibilities, Robin.

At least he hasn't resigned. We have got some leadership in the UK at present. There was a bit of a vacuum before we heard Mark Carney.

But this is serious stuff. I mean, preempting -- or certainly trying to provide the fact that was

contingency and the Bank of England there is and will step in should it be needed.

ROBIN OAKLEY, CNN POLITICAL CONTRIBUTOR: This is what David Cameron and George Osborne have been emphasizing all along, that they at least had

a plan to mitigate any downfall circumstances following the referendum result. The problem has been that

the leave campaigners who succeeded have had no idea what their plan was once the referendum decided to take Britain out of the

European Union. And that has helped to create so much of this uncertainty.

At least we've had one of the candidates for f the Conservative leadership, and therefore for the

prime minister's, job come forward today with a little bit of clarity on some key issues. Theresa May, the home secretary saying, Brexit means

Brexit, no second referendum. No general election until 2020. No freedom of movement being permitted in the negotiations with Europe. And of course

she's also saying something about reversal of George Osborne's economic policies saying the priority now will be to have no tax increases.

So let's postpone the requirement to get borrowing done.

SANTOS: And that is really important because the UK is different to other countries in the sense that it has two twin budget deficits. There's

the budget deficit and the current account deficit. The current account deficit to pay for the goods that the UK imports every single day, well,

they have to trade in foreign currency. And when the pound is falling so much, that current account deficit could rise and could become a problem.

So, Mark Carney really needs to shore up the economy here to try and prevent any any further shocks.

ANDERSON: I was being quite serious when I suggested that -- I'm sure most people in Britain will be pleased that the governor hasn't resigned.

We have had a number of resignations over the past weeks or so -- or past week or so.

What he really did do there was provide some leadership didn't he? And we were talking about this as we were listening he talked not just to

the city of London and to these audiences worldwide covered by organizations like us, but he talked about what people will be asking

themselves now.

SANTOS: He did. In fact, I can bring you the questions that he talked about in his speech. He said in times of great uncertainty,

households, businesses and investors ask basic economics questions, don't they, quote, again, "will inflation remain under control? Will the

financial system do its job? Will I keep mine?" And that's the first time we have really heard economic leadership, really, isn't it?

To the average person on main street to the average person on wall street, the city of London, if you like, he is communicating this very

clearly to these people who are trying to buy houses. He is also communicating this to people who are trying to trade bonds and UK guilt

(ph) in the city of London. What what he is trying to do is make sure that the financial system keeps going. He can't afford a repeat of the credit

crunch back in 2007 and 2008. And that's why he is saying banks I'm going to give you money, I'm going to flood the system with liquidity and I'm

going to bring those rates down so the system doesn't seize up.

ANDERSON: I'm joined -- sorry, Robin, let me bring in Daniel Hammond, who is a member of the European Parliament from southeast England who

supported the leave campaign -- and not just supported it, you were a huge vocal supporter of this. On a number of issues we want to talk with you

about, Daniel, but let's start with what we've just heard from the Bank of England governor.

And I'm sure your going to tell us that you were absolutely convinced there were contingency plans in place. But he is asking -- and he is

conceding, there are many big questions being asked, basic ones -- will inflation remain under control? Will the financial system do its job?

Will I keep mine?

And while he is providing some sort of leadership in his speech today, those are basic questions which are still unanswered. He said the

referendum result is clear, but the effect on the economy isn't.

Do you regret that for people?

DANIEL HANNAN, MEMBER, EUROPEAN PARLIAMENT: Of course not. He made the point that a lot of these uncertainties were already there. He wasn't

trying to claim they were all to do with the referendum.

Where he was talking about the referendum, he began the speech, as you just heard by saying

Britain will change the degree to which it is open to goods and services and the rest of the word. And I agree with. But I think we will be more

open now as a result outside a relatively protectionist European customs union, we will be more free trading, more global, more deregulated company.

We have already had indication from Korea, from Australia, from the United States that they will be rushing to do free trade agreements with the UK

that will be more liberal than they would be had we remained in the European Union. And I think you will see Britain being a much more

international and open country now.

[11:25:11] ANDERSON: Right.

OK. With respect, that's what you think will happen.

At present, we have a governor of the Bank of England who has said the result of the referendum is clear, but the effect on the economy is not.

And while he is providing some leadership here, and there is a serious vacuum of leadership when it comes to British politics at present, you have

to concede that when the governor of the Bank of England has concerns about the effect of this referendum on the economy, lots of other people will,

too. At Britain's, Europeans, those who invest in the country. So, I put it to you again, does it worry you that there are still so many unanswered

questions? And do you concede -- because I'm hearing this across Britain from Brexiteers from from those who voted to stay, that they feel misled by

irresponsible politics, people playing at politics with this. And I want to come to Boris Johnson after this, but please answer that question.

HANNAN: Of course I'm not playing with politics, you know, I'm about to lose a comfortable, very well paid job, which I wouldn't be doing if I

were not convinced that the country as a whole is going to be better off as a result of leaving the European Union.

I think what has spooked the markets, I think what has contributed to the uncertainty that you're talking about was some of the talk that we had

from the remain campaign, which I'm not glad to see has been abandoned, about bombs under the economy, and emergency budgets. I think there was

some really irresponsible scaremongering by people in positions of power who should have known better, because they were that desperate to win the

campaign.

They've now walked back...

ANDERSON: Sorry sir, I have to stop you at that point what was the -- sorry, with respect, sir, what was irresponsible scaremongering. When you

have seen the result of this referendum on financial markets and we have a Bank of England governor who says it is not clear what effectthis will have

on the economy?

HANNAN: Well, there is the stock exchange now is pretty much where it was before the vote. All this talk of an emergency budget, a punishment

budget has gone.

ANDERSON: That's betting. That's day-to-day betting, sir. We are talking about long-term macro economics.

HANNAN: Well, the idea that this uncertainty is creeping in, I think, as I say, it was caused

by what was said during the campaign. When people realize that far from voting to draw up a drawbridge, far from turning our backs on the world we

have voted for a more liberal, more internationalist and more free trading world trading order I think people will see Britain will be a better place

to do business than it was before.

ANDERSON: Who will be taking Britain forward, going forward, who will lead these negotiations? Who are you backing for prime minister at this

point?

HANNAN: I'm just an ordinary member of the Conservative Party. I only get at vote at the final stage, so I'll see who the final two

candidates are.

They have all agreed that we will accept the result. But I think there is an important flip side here. Just as the result stands, those of

us who are on the winning side shouldn't be triumphalist about this. It was a very narrow result. 48 percent of our fellow citizens voted to keep

things as they were. We can't just wish their votes away.

So, I think that gives us a quite modest and moderate mandate for a gradual, tempered phase return of power to Westminster. It doesn't give us

a mandate to do anything radical or unilateral. We need to move ahead with the consent wherever possible of our European allies and try to carry with

us as many of the remain voters as possible. That may mean leaving in place alot more of the existing

arrangements that would have been the case had it been an overwhelming vote to leave.

ANDERSON: so, we are not closing off the borders is that? You rode back on the issue of immigration I know earlier in the week and you've been

cross-examined about that. Is Theresa May the woman to lead this country...

HANNAN: I'm sorry, whoever suggested closing the borders? Who ever suggested closing the borders.

ANDERSON: ...disappointed as you feel misled by Boris Johnson?

HANNAN: I'm sorry I missed that. First of all you said something about we are not closing the

borders. I never heard anyone ever suggested there was going to be zero immigration. This is a weird fantasy that I keep being -- having thrown at

me by CNN presenters. Nor am I sure what I'm supposed to have rode back from. What have I said that I haven't been saying throughout the campaign?

ANDERSON: With that, sir, we have to leave it there only because I'm going to lose the facility to speak to you. The broadcasting facility to

speak to you at the bottom of this hour. So, I apologize for that, thank you.

We are going to have more after this very short break. Apologies for you. Let's take this break.

(COMMERCIAL BREAK)

[11:32:35] ANDERSON: Welcome back. You are watching CNN. This is Connect the World with me, Becky Anderson live from London this week. It's

just after half past 4:00.

He was the face of Britain's leave campaign from the European Union, but now conservative politician Boris Johnson says he has no intention of

running for prime minister. His shocking decision means that five MPs will compete to replace David Cameron. They include the Home Secretary Theresa

May who is an out and out front-runner at this point.

Let's get some perspective now from a former aid to Boris Johnson. Stephen Greenhaigh is a former deputy mayor for police and crime.

And, what, you spent about eight years with Boris, didn't you?

STEPHEN GREENHAIGH, FRM. DEPUTY LONDON MAYOR: Well, I spent four years in his second term and worked with him in his first term on

particular issues.

ANDERSON: So, take us through what you think was going in his mind as he wrote this speech that ended with the bombshell, the punch line as he

called it, I am not the man to lead this country going forward.

GREENHAIGH: : Well, it really was a punch line that no one expected. I think i think his supporters in the room didn't know that he was going to

pull out at three minutes to 12:00. Certainly in every discussion I had with Boris he was always very clear about his ambition to step forward and

have a go for the top job, as he put it, prime minister.

ANDERSON: For how long, just out of interesting? How long has he wanted to do that?

GREENHAIGH: It was certainly pretty clearonce he decided he was going to step down and not contest the mayoralty for a third time, it was pretty

clear that that was his ultimate ambition. And still it may be. You never know in politics.

ANDERSON: Right. Right. And a lot of people suggesting today that he sees this job -- this job that will be decided on September 2nd -- that

of the British prime minister, the leader of the there is talk he is seeing this job as a poison challis and that he's just getting himself ready for

2020. Do you think so?

GREENHAIGH: I don't accept that for one minute. Boris is a very brave politician. He's a

very principled politician. He's an exceptionally gifted one. He's the greatest political brand of my generation.

ANDERSON: Very gifted. Very gifted. But is he principled? A lot of people say he never bought this leave idea at all, because he had been

talking about staying in the European Union for some time in months past. He wasn't an out and out euro skeptic.

GREENHAIGH: I mean, one of the reasons I jumped the other side of the fence, on the referendum debate, campaigned to remain, as a reluctant

remainer, was because I think I started in a similar place, and he went to the other side of the fence.

But Boris is extremely right. I mean, this is a person that can argue that Ancient Greece is the

greatest -- much better than Ancient Rome. And on the one hand, give me a book at my leave and say ancient Rome is very greatest.

He's so bright, he can see everything from all sides.

ANDERSON: But therein lies the issue. Was he a bright irresponsible politician who took many people down a route that now may not be exactly

what they believed they were buying?

GREENHAIGH: Well, there is certainly a massive job to be done to negotiate an exit from the

EU, which is better from the very semi-detached position we had as full members of the EU. And that is a challenge.

ANDERSON: And if he was bright enough to do it, why did he...

GREENHAIGH: Well, I think he didn't pull out because he felt it was a poisoned chalice, he clearly pulled out because he felt he did not have the

support of the parliamentary Conservative Party. And I think that is a tremendous shame that his colleagues did not

support him to the degree that he felt necessary to contest this top job.

ANDERSON: This sort of dream team as far as this leave were concerend were Boris Johnson and Michael Gove. Michael Gove, the justice secretary,

is now going to run for the job, certainly contest the job. Five or six times on record and out loud in the past four years, he defense secretary,

he doesn't want the job of prime minister. And at one point he said he wasn't equipped to do it.

Can you understand why?

GREENHAIGH: Well, I've known Michael since his university days. I spoke at his farewell debate. I was at Cambridge -- student politician.

He was president of the Oxford Union, I was president of the Cambridge Union at the same time. Michael has always had the ambition. That's all

politicians say I certainly don't ever foresee any circumstance I could ever be prime minister and then when the time comes we see the true level

of their ambition. And he certainly feels he is able to compete for that top position.

ANDERSON: You have just been discussing the fact that you were both in University politics and debating societies. I had a Conservive MP on

with me early on who said this all feels -- or it smells of university debating this is really grown up politics. Does that worry you?

GREENHAIGH: It doesn't look like grown up politics. I mean, frankly there is a phrase ringing in my ear when someone who I thought was Boris's

campaign manager and supporting a bid, and surely an extremely credible bid frankly seems to have first distanced himself and then put himself in as a

contestant pretty much at the 11th hour.

ANDERSON: Michael Gove.

GREENHAIGH: That's Michael Gove, yeah. Up to then, we thought Michael would be supporting Boris. I wasn't involved in the campaign

myself, but that was certainly the position that many people in Westminster felt was going to be...

ANDERSON: Is he equipped?

GREENHAIGH: I don't know. Michael -- he is extremely bright. I question whether he has the same electoral panache that Boris has.

I mean, Boris is someone -- if you walked out of city hall and you wanted just to have a bite of lunch with him it would take 45 minutes to

get to the restaurant because the public loved Boris as mayor. And I think they see he has a great political brand. And certainly he has persuaded

huge swathes of the public to take that big step, to leave the European Union.

ANDERSON: I wonder if he will be as light today -- perhaps in the short-term not so much, but who knows going forward.

It is in politics. Thank you sir.

An update now on our top story, the terror attack at Istanbul's international airport. We are learning much more today about the suicide

bombers and who may have ordered their deadly mission.

Turkish officials say the three attackers were from Russia, Uzbekistan, and Kyrgystan. A senior Turkish government source tells CNN

the attack was, and I quote, extremely well planned and ISIS leadership was involved.

Well, mourners attended more funerals for the victims today as the death toll rose to 43. One man had to bury four of his daughters. He was

standing meters away from them at the airport searching for a taxi when a blast claimed their lives.

Turkish security forces have arrested 22 people in connection with the attack carrying out a series of raids Thursday morning.

CNN's Matt Rivers is live in Istanbul.

And Matt, what is the latest on the investigation as you understand it?

MATT RIVERS, CNN INTERNATIONAL CORRESPONDENT: Well, it is very much an ongoing investigation. And the big line of it today was that ISIS

leadership, according to Turkish officials, does appear to be involved, appear to have helped execute this very well planned attack.

We do know from talking to one Turkish official, that person tells CNN that these the attackers entered Turkey about a month ago from the city of

Raqqah, that would be the ISIS stronghold in Syria. They came in about a month ago. And according to another official

and to state media here they have been identified as, you mentioned, being from Russia, Uzbekistan and

Kyrgyzstan.

They came in a month ago, bringing with them, according to this Turkish official, suicide vests and bombs that were used in this attack.

Now, they apparently lived here in the city of Istanbul for about a month renting an apartment in

the faith district here in the city. And one official tells CNN that one of the attackers apparently left his passport behind in that apartment,

allowing them to perhaps better identify them moving forward.

The other big line coming out of today, 22 people have been detained across the country, including 13 people here in Istanbul in some sort of

relation to this attack. And we do know that three of the 22 that have been detained are foreigners.

But this is just a lot of information that's coming out during the day today and we do expect to continue to learn more as the hours tick by here.

[11:40:21] ANDERSON: Yeah, and I know that authorities have given an update on the victims.

What more do we know?

RIVERS: Well, what we know is that hospitals like this, you see a constant stream of people coming in, coming out looking for their loved

ones -- or rather, looking for information about their loved ones. There is a lot of uncertainty.

We know that the number of people still being treated city wide is about 90 or so at this point.

One of those people is the brother of a man we spoke to here outside of this hospital very late

last night. He has an incredible story to tell. Here it is.

(BEGIN VIDEOTAPE)

RIVERS: Walmer Purdle (ph) walked into the hospital Wednesday night near midnight. The doctors had called him in to tell him whether his

brother would make it.

We met him earlier that afternoon when he told us at the exact moment the attacks happened, he was on the phone talking to his brother Angen (ph)

who was in the airport. Angen (ph) described his brother described the attack aloud as the terror unfolded.

"I heard a noise in the background. And he said, brother, there has been a bomb. People are lying on the ground. I have to go help."

Purdle (ph) says he told his brother not to go, that there could be another blast, but Angen insisted, then came a bang and his brother was

severely injured when a second blast went off.

"He told me over the phone he was hurt badly. I told him I was coming to get him. Then he passed out."

Emergency personnel found him unconscious, wounded like so many others by shrapnel, it's the latest in a series of attacks for Turkey this year,

and the effect has been brutal.

"I feel very insecure," says Fikret Idugan (ph), whose cousin was injured and remains in intensive care. "There is no security in this

country. You can leave home in the morning, but there is no guarantee you're coming back."

It is a reality facing so many families now as some gathered overnight Thursday at this hospital near the airport, hugging, crying, waiting for

any news on their loved ones.

When Walmer (ph) walked out from his visit with Angen's (ph) doctors, he was stoic. Nothing has changed, he said. It's still not clear whether

his brother will live or die.

(END VIDEOTAPE)

RIVERS: And that is a question that so many families here in this courtyard outside of this

hospital have been dealing with over the past several days. It is just an air of tense uncertainty when doctors come out and they call someone's name

and they hello, we have information about your loved one. They go inside really unsure what they are going to hear next.

ANDERSON: Thank you, Matt.

People from around the world are paying their respects to the victims of the airport attack. Many on social media using the hashtag

#prayforTurkey. There's Theresa Crosby (ph) tweeting, "again slaughter of innocent people. My heart goes out to all of you."

Another post uses the artistic image of the Turkish flag and reads, "terrorism has no religion, no nationalities, and no color."

In Moscow, hundreds of people expressed their condolences by laying flowers outside the Turkish embassy.

And at the Vatican, Pope Francis prayed for the victims of the attack and their families to a large crowd in St. Peter's Square.

Well, the attack in Istanbul used a tactic that is very deadly and appears to be gaining in popularity. Brian Todd tells us the aim is

simple: to kill as many people as possible.

And we warn you his report contains images that may be disturbing.

All right, we haven't got that report, I'm afraid.

Let's take a very short break. We'll be back after this.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

[11:46:27] AMIR DAFTARI, CNN INTERNATIONAL CORRESPONDENT: Central Nairobi, the start of the working week. Three years ago, amid this bustle,

Trushar Khetia spotted a business opportunity and it turned him into a millionaire.

TRUSHAR KHETIA, CEO, TRIA GROUP: We have a captive audience here. You've got people waiting for the buses. You've got the guys getting onto

the buses and seeing the ads inside the buses, outside the buses at eye level.

DAFTARI: There's no escape.

KHETIA: That's the most important thing. You can't turn it off. You can't switch it off. You have to see it.

DAFTARI: Trushar is the head of the Tria Group. And while advertising on Nairobi's buses is nothing new, his idea was to offer

clients a one-stop shop from concept and design, printing to pasting.

KHETIA: And we needed to be disruptive. So rather than starting by being another metering industry, I said let's find a specific niche to aim

for and that's what we did with Tria.

DAFTARI: The young Kenyan started with just his savings and a laptop. After months of rejection, he cut his first deal and his business was

launched.

KHETIA: The most fascinating thing was there was is no offices, there is no one employed. It was me, and PowerPoint on my laptop. I would just

go in and pitch.

I said look I'm about to change the advertising industry and you should be the first ones to do it. And that was all it took.

DAFTARI: Today Tria Group employs 15 people and Trushar continues to hustle. Always on the move, always hands on.

KHETIA: (inaudible) You have to close deals and convince people face to face. Anyway, that's where the relationship aspect, the fun bit.

DAFTARI: Those relationships are critical for his latest venture. Leveraging the success of Tria, he has launched a chain of supermarkets.

KHETIA: It's the same people I'm talking to on the advertising side and they are the same people now who are keeping their products in my

stores. So it's like we are married to each other.

DAFTARI: Two successful brands, and a growing business empire, it means double the workload for Trushar. I managed to track him down again

at the Nairobi bus depot, still working, still hands on.

It's now nearly 10:00 at night, most people are done with their working day, you are still at it.

KHETIA: Yeah.

I mean, for me, it's the passion that keeps me going. When you see your own work end to end, that's the most important thing, right,

dedication.

DAFTARI: Dedication, for an entrepeneur who went from one laptop to businesses that make

over $10 million a year, it's the secret to start-up success.

Amir Daftari, CNN, Nairobi.

(END VIDEOTAPE)

(COMMERCIAL BREAK)

[11:50:56] ANDERSON: Right, you are back with us here in London outside the palace of

Westminster, and what a week it has been. I'm Becky Anderson. This is Connect the World.

At this very moment, exactly a week ago a majority of voters across the UK were choosing to

leave the European Union. I've been here in London for you ever since breaking down vote and trying to figure out what happens next. CNN has

been speaking to all the big players and just as importantly, ordinary voters as well.

So, for your Parting Shots this week, let's take a look back at the week that was.

(BEGIN VIDEOTAPE)

ANDERSON: They say a week is a long time in politics. What a week this has been.

There is growing fallout from Britain's decision to leave the European Union.

DAVID CAMERON, BRITISH PRIME MINISTER: I do not think it would be right for me to try to be the captain that steers our country to its next

destination.

ANDERSON: People under 30 voted overwhelmingly to remain in the EU.

REEM HASSAN, REMAIN VOTER: The referendum, it started out this premise of all these

promises which now have actually turned out to become lies.

PHILIP HAMMOND, UK FOREIGN SECRETARY: Britain's influence in the world will be diminished.

UNIDENTIFIED FEMALE: First, the UK invokes article 50 of the eu treaty which outlines the process for a country to leave.

ANDERSON; the political mood is one of gray uncertainty.

(END VIDEOTAPE)

ANDERSON; One person I have been speaking to a lot throughout this tumultuous week is CNN's political contributor Robin Oakley joining me

outside the houses of parliament.

Michael Gove, closnig out that short clip of the week that was, a man who has said unequivocally that he doesn't want to be the British prime

minister. He has been saying that day -- it feels like he's saying that outloud and on record over the past four years. He has now running in the

contest against the likes of Theresa May. But we have lost one runner in this race, and that is Boris Johnson.

OAKLEY: Yes, the most colorful figure in the race, the man whose whole career seemed to have been destined to see him drive to number ten.

A lot of Conservative MPs in the House of Commons now will be pretty irritated by him pulling out because they have hitched their wagons to his

particular star.

And the sudden disappearance of Boris from the race with no obvious explanation other than fact that I think support had just been leeching a

way from him since the leave referendum actually -- the leave campaign won the referendum, to their surprise, didn't have their plans ready. He and Michael Gove, the two chief architects of that victory

with Nigel Farage and his UKIP as well disappeared from sight.

And Boris produced an article for The Daily Telegraph obviously dashed off in the heat of the

moment, didn't really think his way through things, sounded so unconcerned about the future of the pound, so flippant about the issue of immigration

that had been can such a concern for so many voters that a lot of Conservative MPs thought, hang on a minute, this guys isn't the statesman

we need at a time like this.

ANDERSON: We have had one leader during this whole crisis, Mark Carney came out as the markets open on Friday morning because this was a

surprise to the markets. The markets had been betting overnight as the votes were being counted that Britain would vote to stay in the European

Union.

In an effort to try and quiet fears, Mark Carney said a week ago that there was a contingency plan and that things would be OK as it were. He

has just been speaking in the last hour or so and he said the only -- it is clear that the referendum result is clear one. It is still not clear what

will happen to this economy going forward.

OAKLEY: Absolutely. And in a way, David Cameron, now on his way out as prime minister, and George Osbourne, chancellor of the exchequer,

understand that in one way have said look we warned you what was coming. We have got our contingency plans ready for that. We told you there would

be dire consequences and look there are dire consequences.

But we needed somebody at the top to do more than say, yeah, we told you so and start looking at the practical steps to reassure people about

their pensions and their jobs and the pound in their pockets.

[11:55:17] ANDERSON: It has been a messy week in British politics and European politics as well, and for the global market. Things beginning to

sort of -- I guess the dust seems to be settling somewhat on the financial markets and the dust is settling somewhat on leadership of this country

going forward. In that there are a number of contestants now, not least the woman by the name of

Theresa May who appears now to be sounding -- I listen to a lot of people talking in the UK today, when I look at social media, seems to be a voice

of reason. She sounds plausible. She didn't vote or -- or campaign, sorry to leave, but she suggests that the referendum is clear, there will not be

another one, and that she will put a Brexiteer in charge of the negotiations effectively.

Are we beginning to see the playbook here?

OAKLEY: Yes, I think Theresa May today stepped up into a new political league with all this

dismay that we are talking about and the uncertainty she did start coming up with some clarity. She said Brexit means Brexit, no second referendum,

anything like that. Yes, free movement of people, we won't go for that in the negotiations. No general election until 2020. And a reversal in the

government as economic policies never mind the priorities on reducing government borrowing. We have got to make sure there are no tax increases

now.

She started answering the questions. It's now for the others in the Tory leadership campaign to catch up with her.

ANDERSON: Busy times. It's been what feels like a very long week for broadcasters, not least, but for Britain's politicians and Europe's

leaders. Nothing is really clear as of yet. But perhaps, as I suggest, the playbook now beginning to be created.

I'm Becky Anderson. That was Connect the World. Thank you for watching.

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