More than £100billion was wiped off the FTSE 100 this morning - the biggest fall in UK history - as Britain's decision to leave the EU caused panic across the globe.Panic mongers forget to tell you that staying in the EU was going to become financial suicide with much worse consequences over time.
London's premier index plunged 458 points to 5,880 - down 7.19 per cent - as experts warned of more carnage to come.
The collapse is far greater than Britain suffered after the Winter of Discontent in 1978, Black Wednesday in 1992 and when Lehman Brothers shut in 2009.
The UK's banks have been the hardest hit with RBS shares down 34 per cent, Lloyds down 28 per cent and Barclays down 30 per cent.
Shares in Britain's largest building and insurance companies were also devastated.
The FTSE 100 recovered slightly as the morning went on, with the loss at just over four per cent.
Brexit has also caused panic on the financial markets today as the pound dropped more than 10 per cent against the dollar and Britain was about to lose its AAA rating.
Friday, June 24, 2016
FTSE 100 plummets by more than 7% in biggest fall in HISTORY and pound SLUMPS as market panic spreads after the UK backs Brexit
The Daily Mail reports:
