George Osborne will meet bank bosses today to discuss Brexit. Ahead of the meeting, business groups have called on the Government to move ahead with infrastructure projects and provide reassurance for EU workers living in this country.
‘This may be a time for calm reflection, but it is not a time for inaction,’ five of the UK’s biggest business groups said in an open letter. The British Chambers of Commerce, the Confederation of British Industry, the Federation of Small Businesses, the Institute of Directors, and EEF, the manufacturers’ organisation, signed the letter saying ministers needed to show ‘clear leadership’.
Meanwhile, Standard Life Investments has suspended trading in its UK property fund blaming ‘exceptional market circumstances’ following the EU referendum result.
The fund manager said the number of investors asking to withdraw their money had increased following the vote. ‘The suspension was requested to protect the interests of all investors in the fund,’ it said in a statement. The
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