Osborne also said that although Britain's economy is in a strong position, it will have to "adjust to the new situation." Seeking to calm turbulent markets post Brexit, Finance Minister George Osborne on Monday said the UK's economy is in a strong position to confront the new challenges but it would have to "adjust to the new situation". On the process of the UK's departure from the EU, he said it was "perfectly sensible to wait for a new prime minister". He said: "Only the UK can trigger Article 50 (of the Lisbon Treaty to exit the EU). Nearly two-thirds of those polled said the outcome of the referendum was negative for their business.

Source: dna June 27, 2016 11:37 UTC