Wilbur Ross is unlikely to pursue a takeover of Tata Steel's UK business in the wake of the EU referendum, Sky News learns. 15:02, UK, Saturday 25 June 2016.
The UK has had its credit rating outlook cut to "negative" by the ratings agency Moody's after the country voted to leave the EU.
Only time will reveal the economic backlash of the U.K.'s vote to leave the European Union, but predictions are leaving many worried while others dismiss misgivings as scare-mongering.
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.
In early June, the Chancellor George Osborne stood shoulder to shoulder with Jamie Dimon, the boss of JP Morgan, to warn that a vote to leave the EU would cost the jobs of up to one in four British workers at the bank.