Moody's, one of the big three credit ratings agencies, has cut its outlook for the UK economy from "stable" to "negative".
Fearful of landing in immediate negative equity, some buyers have decided to put their purchases on ice. Photograph: Yui Mok/PA. Hilary Osborne, Patrick Collinson and Miles Brignall.
17.01: The FTSE 100 closed down 3 per cent or 199.41 points at 6138.69 after a tumultuous day on markets following the UK vote to leave the EU.
Wilbur Ross is unlikely to pursue a takeover of Tata Steel's UK business in the wake of the EU referendum, Sky News learns. 19:34, UK, Saturday 25 June 2016.
Savings rates are expected to accelerate downward as the Bank of England takes action to calm the financial markets and support the banking system in the wake of the Brexit vote.