Chancellor George Osborne holds press conference about the economy following Brexit vote

The transcript discusses Britain's preparedness for financial shocks and the role of its financial system in mitigating them. It highlights the economic impact of recent decisions, such as firms pausing investments and hiring. The text also outlines the need for future actions, considering the delay in triggering Article 50 and the transition to a new Prime Minister, suggesting that decisions should wait for an economic assessment in the autumn.

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