BBC News NI Live: EU referendum reaction - Monday 27 June 2016

Summary

Updates for Monday 27 June 2016
Chancellor George Osborne says UK ready to face EU withdrawal from 'position of strength'
UUP's Mike Nesbitt calls on first minister for clarity over NI's future after referendum result
Shadow NI secretary Vernon Coaker among resignations as Labour Party descends into crisis

Live Reporting

NI must move forward calmly - Coakerpublished at 08:08 British Summer Time 27 June 2016
Vernon Croaker, the Labour Party's former shadow Northern Ireland secretary, says the the region needs to "to move forward calmly, responsibly and reasonably" in the wake of the EU referendum result.
Image source, AP
He stepped down yesterday in protest at Jeremy Corbyn's leadership of the party, saying he was "very sad" to be leaving his Northern Ireland role.
The problem for his party, he says, is that "huge numbers of our traditional voters simply did not believe that we were credible".
Waiting game for 'emergency budget'published at 07:52 British Summer Time 27 June 2016
Julian O'Neill
BBC News NI Business Correspondent
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'Fall-out could become someone else's problem'published at 07:41 British Summer Time 27 June 2016
John Campbell
BBC News NI Economics and Business Editor
What the chancellor is suggesting is there will be a budget in the autumn after a new prime minster is chosen.
Image source, PA
It is all a message of reassurance.
But he may be suggesting that, come the autumn, if somebody else is in Number 11, it is going to be their problem.
Osborne: UK has spoken on EUpublished at 07:31 British Summer Time 27 June 2016
George Osborne says this isn't the outcome he wanted, but the people have spoken.
"Now we must all accept that result and deliver on their instructions," he says. "I will do everything I can to make it work for Britain.
Image source, EPA
He says Article 50, which sets a two-year deadline for an EU deal, should only be triggered when there is "a clear view about what relationships the UK is seeking with our European neighbours".
Britain 'ready to confront future'published at 07:22 British Summer Time 27 June 2016
George Osborne says Britain is prepared to confront what the future holds from a position of strength.
Image source, PA
The chancellor is speaking for the first time since the referendum result, and is setting out the strategies in place to deal with the volatility caused in the markets by the Leave vote.
Nesbitt calls for urgent statement on NI futurepublished at 07:13 British Summer Time 27 June 2016
UUP leader Mike Nesbitt has called on the first minister to make a statement on Northern Ireland's future after the UK's decision to Leave the EU.
Image source, Press Eye
He says he'll seek to ask an urgent oral question when the assembly meets later on Monday.
Chancellor to speak in bid to calm marketspublished at 07:03 British Summer Time 27 June 2016
George Osborne is to issue a statement shortly in a bid to calm markets after the surprise vote for the UK to leave the European Union triggered turmoil on Friday.
Image source, Getty Images
The chancellor has not spoken publicly since the Leave campaign won Thursday's referendum.
His aim will be to provide reassurance about the UK's economic and financial stability, a Treasury official says.
Good morningpublished at 07:01 British Summer Time 27 June 2016
Welcome to our special European Union referendum reaction live page on Monday 27 June.
We'll be bringing you all the news, views and predictions about the future of the UK after that vote to leave the EU.