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Market turmoil: Osborne said all the right things, but relief will be temporary

Discussion in 'Market News' started by Lily, Jun 27, 2016.

  1. Lily

    Lily Forum Member

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    Of course the chancellor had to row back on his dire pre-referendum warnings, but – for households, businesses and investors – we are in uncharted territory

    George Osborne had one job to do this morning: calm panicking financial markets after Britain’s momentous vote to leave the EU last week.

    With the pound falling sharply again overnight, it was a tall order, especially for the man who just days ago was spearheading so-called “project fear”.

    Related: Pound hit again by Brexit crisis – business live

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