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The CBI commented on the result of the referendum, where the UK has voted to leave the EU.

Carolyn Fairbairn, CBI Director-General, said:

“The British people’s vote to leave the EU is a momentous turning point in our history. The country has spoken and it’s for us all to listen.

“Many businesses will be concerned and need time to assess the implications. But they are used to dealing with challenge and change and we should be confident they will adapt.

“The urgent priority now is to reassure the markets. We need strong and calm leadership from the Government, working with the Bank of England, to shore up confidence and stability in the economy.

“The choices we make over the coming months will affect generations to come. This is not a time for rushed decisions.

“The CBI will be consulting its members and business is committed to working with Government to shape the best possible conditions for future prosperity.”

CBI members can contact their Account Directors or euref@cbi.org.uk with enquiries relating to today's referendum outcome.

To join the CBI, please visit our membership page.