Don’t panic, UK business minister says after Brexit

AFP, LONDON: British business minister Sajid Javid yesterday urged companies not to panic following Britain's vote to leave the European Union despite dire warnings of the economic consequences of the Brexit vote.
Javid said there was "no need to be panicking at all", speaking on the BBC's Andrew Marr Show.
"Our economic fundamentals remain strong. They're strong enough to weather any short-term market volatility," he said, after Thursday's vote plunged global financial markets and the value of the pound.
Javid said he would be holding a roundtable with business associations this week, with British media reporting that it was expected on Tuesday.
Javid campaigned for Britain to remain in the EU and had warned during the campaign that a vote to leave could trigger a recession and 500,000 job cuts.
On Sunday, he refused to confirm the dire forecasts, saying it was time for "reassurance for businesses".
"If we all work together we can avoid many of the things we have forecast," he said, adding: "Let's look at what opportunities this throws up."

Dont panic, UK business minister says after Brexit

AFP, LONDON: British business minister Sajid Javid yesterday urged companies not to panic following Britains vote to leave the European Union despite dire warnings of the economic consequences of the Brexit vote. Javid said there was no need to be panicking at all, speaking on the BBCs Andrew Marr Show. Our economic fundamentals remain strong. Theyre strong enough to weather any short-term market volatility, he said, after Thursdays vote plunged global financial markets and the value of the pound. Javid said he would be holding a roundtable with business associations this week, with British media reporting that it was expected on Tuesday. Javid campaigned for Britain to remain in the EU and had warned during the campaign that a vote to leave could trigger a recession and 500,000 job cuts. On Sunday, he refused to confirm the dire forecasts, saying it was time for reassurance for businesses. If we all work together we can avoid many of the things we have forecast, he said, adding: Lets look at what opportunities this throws up.