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Initiate the formal process of leaving the block. Hes leaving that task for the next Prime Minister. Jeremy corbin, a Labor Party Leader was once seen as a possible candidate for that job, but his Opposition Party is falling apart at the seams. 19 members of corbins shattered cabinet have resigned, all questioning his leadership. This disastrous fallout in the world market continues to spiral downwards, as well. Ratings agent Standard Poors downgraded the uks Credit Rating by two notches monday. The eu leaders are converging on brussels in just a few hours. Our International Diplomatic editor Nic Robertson is following the action there. You kind of wonder what the point is of David Cameron having a meeting when hes now effectively a lame duck. I think theres an element of that about it, max. But i think maybe if we look at this strategically, and, of course, politics, so much has happened in terms of politics in the last week, but theres so much more of a playout in the coming months a

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