Andrew Woodcock, David Hughes And Joe Churcher, Press Association Political Staff

An emergency budget to deal with the fallout from the referendum vote to leave the EU looks unlikely to take place until the autumn, as Chancellor George Osborne said it was better to delay action to shore up the public finances until a new prime minister is in place.

An emergency budget to deal with the fallout from the referendum vote to leave the EU looks unlikely to take place until the autumn, as Chancellor George Osborne said it was better to delay action to shore up the public finances until a new prime minister is in place.