George27 Jun 2016 09:02
Here’s a key passage from the statement:
As a result of Thursday’s decision, some firms are continuing to pause their decision to invest or to hire people. As I said before the referendum this will have an impact on the economy and the public finances, and there will need to be action to address that. Given the delay in triggering article 50 and the prime minister’s decision to hand over to a successor, it is sensible, that decisions on what that action should consist of, wait for the OBR [Office for Budget Responsibility] to assess the economy in the autumn, and for the new prime to be in place. But no one should doubt are resolve to maintain the fiscal stability we have delivered for this country. The British economy is fundamentally strong, we are highly competitive and we are open for business.