Said British finance minister George Osborne on Tuesday that Britain would be forced to cut spending and raise taxes to meet the economic challenges posed by the British polling out of the European Union.
Said Osborne Broadcasting Corporation British BBC, "we will be forced to cut spending and raise taxes to meet the economic challenges," adding, "We need to provide financial security for our citizens, we must show the country and the world that the government can rely on its resources."
Osborne said, "It is essential that Britain achieved financial stability in the wake of the withdrawal decision, which led to the erosion of the pound sterling and the markets."
He continued, "We're going a long phase of economic changes in the United Kingdom, will adapt to life outside the European Union will not be rosy economic situation as it was within the European Union but it is thought that we can formulate a clear plan."
The results showed that Britain's referendum vote about 52 percent of Britons in favor of exit from the EU compared to 48 percent for survival, and the latest voting the world's largest financial shock since the crisis of 2008, and this time with the arrival of interest rates in the world to zero already, or near it, including deprives policymakers of this means the face of trauma.