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UK tries to soothe nerves ahead of meeting with EU leaders

Despite George Osborne's reassurances of strength of the UK economy, sterling and stock markets continue to slide

Regarding volatile markets, the Treasury, the Bank of England, and the Financial Conduct Authority have "put in place robust contingency plans for the immediate financial aftermath", says Mr Osborne.


THE fractured Conservative government has begun to soothe local and international nerves ahead of a crucial European Union (EU) meeting on Tuesday.

European officials and German Chancellor Angela Merkel and other leaders made it clear that a period of calm was necessary