The chancellor speaks out
Chancellor George Osborne remained cool as a cucumber while addressing the nation today. Osborne said that there will be no emergency budget and that the UK is ready to face the future “from a position of strength”.
He remained tight-lipped about ambitions to become the next leader of the country and said it was “perfectly sensible to wait for a new prime minister” before taking action on the UK economy.
“I said we had to fix the roof so we were prepared for whatever the future held and thank goodness we did,” he said.
“Only the UK can trigger Article 50. And in my judgement, we should only do that when there is a clear view about what new arrangements we are seeking with our European neighbours.
“In the meantime, during the negotiations that will follow, there will be no change to people’s rights to travel and work and to the way our goods and services are traded or to the way our economy and financial system is regulated.”