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.
LONDON - Treasury chief George Osborne sought Monday to ease investor concerns about Britain's vote to leave the European Union, saying the U.K.
TIANJIN, China Britain's vote to leave the European Union has increased uncertainty in the global economy, and China hopes for a united and stable EU and a prosperous United Kingdom, Chinese Premier Li Keqiang said on Monday.
The pound has fallen further in trading in Asia on Monday, adding to Friday's record one-day decline. Sterling was trading at about $1.34, down 2.6% from Friday's close.
SINGAPORE Oil prices stabilized on Monday as market participants better absorbed the shock of last week's vote in Great Britain to leave the European Union and recognized the referendum would have little effect on global fuel demand.