The Chancellor has said it is "perfectly sensible" to wait until there is a new prime minister before implementing an emergency budget.
Responding to a question by ITV News Business Editor Joel Hills about his earlier statement that Brexit would demand "an immediate response from government," George Osborne said that a financial contingency plan was in place and liquidity had been made available, but an emergency budget would be put in place in Autumn.
George Osborne has said the UK economy is "prepared for the unexpected". So did he overstate his Brexit warnings?
Chancellor George Osborne will seek to reassure financial markets on Monday morning following Britain's decision to leave the EU.
Soros says that the European Union will struggle through the process of Brexit, with other countries wishing to follow suit.