‘No emergency budget’ before PM successor announced, says Osborne

CHANCELLOR George Osborne has outlined three challenges the UK economy faces after last week's referendum result.

Speaking before trading on the markets opens this morning, he said there will be "an adjustment in our economy", but that there will be no Emergency Budget until a successor to David Cameron is announced.

Osborne said that the economy is facing "volatility, uncertainty and a challenge to its long-term trading relationship with our European neighbours."

In a sober speech, he added: "Brita... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...