Brexit Contingency Plans in Place Amid Market Volatility, Osborne Says
- Chancellor says has spoken with BOE’s Carney in past days
- Seeks to calm markets as political turmoil continues
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Chancellor of the Exchequer George Osborne said contingency plans were in place to shore up the economy amid ongoing market volatility as he sought to reassure financial markets after Britain’s shock vote to exit the European Union.
Osborne, breaking a three-day silence, delivered a statement first thing Monday morning saying that he had been in contact with Bank of England Governor Mark Carney over the weekend to add to existing planning.