Receive Breaking News updates as they occur
By Estelle Shirbon and Ben Blanchard LONDON/BEIJING (Reuters) - Britain plunged deeper into political crisis on Sunday after its vote to leave the European Union, spreading further confusion and uncertainty to the continent, where officials were unable to agree about what to do next. China's finance minister said fallout from Thursday's referendum "will cast a shadow over the global economy" while a senior official in Tokyo warned of the danger of "speculative, violent moves" in currencies. Britain's finance minister will make a statement on Monday to provide reassurance about "financial and economic stability".
Britain's opposition Labour leader Jeremy Corbyn said on Sunday he regretted the resignations of several members of his senior team of lawmakers in the wake of Britain's vote to leave the European Union but he did not plan to resign. Twelve members of Corbyn's team or "shadow cabinet" withdrew their support for him on Sunday, with many criticising his contribution to the referendum campaign and saying they doubted his ability to lead the party to victory in the next election. "I regret there have been resignations today from my shadow cabinet.
By Sarah White and Angus Berwick MADRID (Reuters) - Support for Spain's conservative People's Party (PP) surged in Sunday's general election, preliminary results showed, as voters opted for the status quo just days after Briton's shock decision to leave the European Union. The jump in support for the party of caretaker Prime Minister Mariano Rajoy reversed a trend to back start-up parties that have channeled resentment towards the establishment after an economic crisis and a series of corruption scandals. "These are not good results, they are not what we expected," said Inigo Errejon, No. 2 at Podemos, the anti-austerity party that had been tipped to play a central role in the formation of a government after the vote.