George Osborne has said the UK is ready to face the future “from a position of strength” and indicated there will be no immediate emergency Budget.
He said there would still need to be an “adjustment” in the UK economy.
The chancellor made the comments in a statement aimed at calming financial markets after the
Brexit vote triggered market turmoil on Friday.He had not spoken since the Leave campaign won Thursday’s referendum.
The chancellor’s statement came as the repercussions of the Brexit vote continued to shake the UK’s political system.