Monday, 27 June 2016

Britain's Osborne says further volatility ahead but economy strong

Finance minister George Osborne said Britain's vote to leave the European Union was likely to lead to further volatility on financial markets but said the world's fifth-biggest economy would cope with the challenge ahead.

Osborne, who was speaking publicly for the first time since Britain voted to leave the bloc on Thursday, said the government had put in place robust contingency plans and there was more action that it and the Bank of England could take.

"Our economy is about as strong as it could be to confront the challenge our country now faces," he told a news conference at Britain's finance ministry on Monday.

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