UK Finance Minister George Osborne has attempted to restore calm to financial markets by insisting the British economy is strong enough to weather the effects of its Brexit vote.
Britain voted last week to leave the European Union despite warnings from economists that doing so would have a negative effect on growth.
Mr Osborne gave an emergency statement before financial markets opened in London in which he also insisted there was no rush for Britain to trigger Article 50 - which sees negotiations begin with the EU on the manner of the UK's departure.
UK correspondent Olly Barratt says George Osborne's statement was designed to reassure.
IN: "He was…
OUT: …might have."
DUR: 39 seconds
ALT:
Meanwhile, Scotland's First Minister Nicola Sturgeon says she is exploring legal action to keep Scotland in the EU.
UK correspondent Olly Barratt says it's unclear whether that will be possible.
IN: "Well they…
OUT: …United Kingdom."
DUR: 62 seconds
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UK correspondent Olly Barratt says immigration was central to the referendum debate, with some fearing the conversation was becoming xenophobic at times.
IN: "Not everyone…
OUT: …immigration."
DUR: 54 seconds
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Mr Osborne says Britain can weather the storm.
IN: "It will…
OUT: …for business."
DUR: 19 seconds