In his first public appearance since Thursday’s referendum, George Osborne stressed that Britain’s economy is in a far better position than it was at the start of the 2008 financial crisis. Cameron has said he will step down by October, and a new prime minister may call an early election to solidify a mandate before negotiating Britain’s EU exit. US Secretary of State John Kerry is visiting Brussels and London to address the fallout from the vote. Osborne pledged not to impose a new austerity budget—even though he said during the campaign that one would be necessary if voters chose to leave the EU. Osborne also said he had been working closely with Bank of England governor Mark Carney, fellow finance ministers and international organizations over the weekend.

Source: Mint June 27, 2016 09:22 UTC