On July 10, the committee issued a report, setting out an immediate beginning of detailed analysis of Brexit implications. The report warned about potential security vulnerabilities due to growing foreign ownership of the UK Critical National Infrastructure, stressed the necessity to create a cybereconomy resilient to fast-changing threats. It also pointed out that the trimmed funding of the UK armed forces hampered the fulfillment of defense tasks.
"The change in prime minister does not change the presentation of this report," Alex Paterson said.
On June 23, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit. The results of the voting prompted Prime Minister David Cameron to announce his resignation.
On Monday, Cameron said he would step down on July 13. On the same day, the Conservative Party confirmed Home Secretary Theresa May as the new party’s head, paving way for her to become the next UK prime minister.