Got a TV Licence?

You need one to watch live TV on any channel or device, and BBC programmes on iPlayer. It’s the law.

Find out more
I don’t have a TV Licence.

Live Reporting

Dan Macadam

All times stated are UK

Get involved

  1. Good night!

    It's been a historic day with a record number of readers for the Business Live page - close to 1.1 million - logging on for reaction from  the financial world to the UK's momentous decision to leave the European Union. 

    For those who want a little bit more coverage of the fallout from the referendum, you can catch it here on the politics live page. Thanks and good night!

  2. Flight to safety

    Gold bars

    Gold has jumped 5% to $1,322 an ounce - its highest level in more than three years as investors sought safety on a tumultuous day for global markets.

    Crude oil, on the other hand, fell $2.50 to $48.41 a barrel amid the uncertainty.

    "Recessions cause low oil prices and the UK break with the EU raises concern of a recession in Europe," said James Williams of WTRG Economics. 

  3. Lew to lead US conference call

    The heads of all the US financial regulatory agencies will hold a conference call on Friday to discuss the Brexit vote, the Treasury Department said. 

    US Treasury Secretary Jack Lew will preside over the discussion of the Financial Stability Oversight Council, which was created in response to the 2007-09 financial crisis. 

    The council includes the heads of the Federal Reserve, Securities and Exchange Commission and the Commodity Futures Trading Commission.  

  4. The view from Paris...

    Liberation front page
  5. Second referendum?

    Boris Johnson

    Is there a chance the UK could face a second EU referendum? 

    Boris Johnson was just one of the Vote Leave figures to raise that possibility at the start of the campaign.

    And barrister Jolyon Maugham says there are two possible ways it could happen. The first is a general election won by an explicitly Remain party.

    The other is that parliament could decide circumstances had changed sufficiently to put it to another vote. This is what happened in Ireland in 2009, he adds.

  6. BreakingWall Street sinks

    NYSE trader

    Wall Street wobbled further in the last hour of trading in New York, with the Dow Jones ending more than 600 points, or 3.4%, lower at 17,400 points - the biggest one-day fall in almost five years.

    The S&P 500 fell 3.6% - the biggest daily slide in 10 months - while the Nasdaq slumped 4.1%. That was the tech-focused index's worst day since 2011.

  7. Housing market hope (or disappointment)

    For sale sign

    Worried (or pleased) that Brexit might mean lower house prices? Grainne Gilmore, UK residential analyst at Knight Frank, has some good (or bad) news for you:

    Quote Message: In the short-term, consumer confidence is likely to be knocked by the continued uncertainty, especially with regards to trade. This may weigh on activity in the housing market, especially those making discretionary purchases, which could result in a slip in transaction volumes, and prices. However, uncertainty could also result in a further dampening of homes coming onto the market, and this lack of supply will provide a floor under prices."
  8. Zero growth?

    BBC Business Live

    UBS offices in London

    BBC business correspondent Joe Lynam tells a special edition of Business Live that UBS is predicting UK economic growth will swiftly fall to zero this year. 

    The Swiss bank forecasts that GDP will remain at zero for much of 2017, raising the strong likelihood of a recession, he says.

    It won't take much - economic growth slowed to 0.4% in the first quarter of the year.

  9. A messy divorce between two Britains

    Remain supporters react to EU referendum results
    Image caption: Many supporters of the Stronger In campaign were horrified by the outcome over the vote

    This is not just a split between Britain and the EU - it feels just as much like a split between one Britain and another.

    A messy divorce between two Britains

    Remain supporters react to EU referendum results

    This is not just a split between Britain and the EU, it feels just as much like a split between one Britain and another.

    Read more
  10. Whisky sour

    Scotch Whisky Experience

    Makers of Scotch whisky - who export more than 90% of their tipples - have called on the government to ensure their access to European markets is not threatened.  

    The nature of future trade arrangements with the EU single market and the wider world requires "urgent attention", says David Frost, chief executive of the Scotch Whisky Association.

    Still, shares in drinks firm Diageo - which told staff before the vote that it would be "better for the UK, better for Diageo and better for the Scotch whisky industry that we remain in" - rose 2.5% on hopes that it will benefit from a weaker pound. 

  11. Wall Street slips further

    Goldman Sachs patch

    A quick update on how the US markets are digesting the UK's decision to leave the EU.

    Shares on Wall Street have dropped a bit more since the falls at the opening bell. The Dow Jones industrial average is now down 3%, while the S&P 500 is off 3.2% and the tech-focused Nasdaq has fallen 4%. 

    Goldman Sachs is the biggest loser on the Dow, falling 7.1%, followed closely by JP Morgan with a 6.6% drop.

  12. Obama: UK focused on 'orderly transition'

    Zoe Thomas

    US business reporter

    President Barack Obama

    President Obama has told an entrepreneurs conference in California that he spoke with David Cameron and was "confident that the UK is committed to an orderly transition out of the EU".

    "We agreed that our economic and financial teams will remain in close contact as we stay focused on ensuring economic growth and financial stability," Mr Obama said at Stanford University.

    “Yesterday's vote speaks to the ongoing changes and challenges that are raised by globalisation,” he added.

  13. Bumpy ride

    Easyjet and Ryanair planes

    The statement issued by easyJet chief executive Carolyn McCall this morning - "we remain confident in the strength of easyJet's business model and our ability to continue to deliver our successful strategy and our leading returns" - didn't stop its shares falling 16.5% in London today.

    That was not as bad as the 22.5% slide in shares of British Airways owner IAG, which issued a profit warning following the EU vote - but was considerably worse than the mere 6.4% fall for Ryanair. 

  14. On the agenda

    Foresight News has put together a handy list of the most significant events of the next three days:


    • 9:30am: Emergency Scottish Cabinet meeting
    • 12:30pm: Angela Merkel press conference
    • 2:30pm: Francois Hollande meets with Marine Le Pen


    • Elections in Spain


    • 8am: Trading begins on London and European markets
    • 9am: Extraordinary session of the European Parliament on Brexit
    • 9:30am: David Cameron chairs Cabinet meeting
    • 2:30pm: Parliament returns from recess
    • 6pm: Parliamentary Labour Party meeting following no-confidence motion in Jeremy Corbyn
    • 6:30pm: ECB Forum on Central Banking (runs to June 29)
    • Angela Merkel, Francois Hollande, Donald Tusk and Matteo Renzi meet
    • Extraordinary meeting of European Commissioners
    • The Queen and Duke of Edinburgh visit Northern Ireland