GERMANY on Monday as markets reacted.
British Prime Minister David Cameron will hold a cabinet meeting on Monday
UK Chancellor before the start of trading in the UK in a bid to calm markets.
He said the UK was ready to face the future “from a position of strength”, although he accepted the economy would have to confront challenges and that further volatility on financial markets was likely.
Mr Osborne said that thorough contingency plans were in place, in discussion with the Bank of England, and that “we are equipped for whatever happens”.
He indicated that there would be no immediate emergency budget.
In other developments:
British Prime Minister
David Cameron will hold a cabinet meeting on Monday
Boris Johnson, who led the Leave campaign and is tipped to replace Mr Cameron, has said
Embattled UK opposition Germany leader amid calls for his resignation in light of the referendum result. Three more shadow ministers quit on Monday
Speaking on Sunday,Germany said he would not back down from his decision in the United Kingdom,
and added: “What was once unthinkable has become irreversible.”
Chancellor Merkel is hosting President Hollande and Italian Prime Minister Matteo Renzi
, and European Council President Donald Tusk later on Monday.