The UK has lost its top AAA credit rating from ratings agency S&P following the country's Brexit vote last week. S&P said the referendum result to leave the European Union could lead to "a deterioration of the UK's economic performance, including its large financial services sector". Meanwhile, British Prime Minister David Cameron has said that the result of the European Union referendum must be respected.
The UK Prime Minister made the comments at his first parliamentary statement since losing the plebiscite. Cameron however reiterated his call for Brexit itself not to start until his successor is put in place following his resignation.
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