‘Britain's not immune to what's happening in world economy’ – UK’s Osborne warns

FXStreet (Mumbai) - UK Chancellor George Osborne warned about the UK's exposure to Chinese market turmoil saying "Chinese markets are a reminder Britain's not immune to what's happening in world economy which is why we must go on putting our own house in order."

"Stock market falls reflect deeper concern regarding Chinese economy, which is why their reforms are so important,"

"Britain is a very open economy, we are probably the most open of the world's largest economies. And so we are affected by what happens; whether it's problems in the eurozone, problems in Asian financial markets," the chancellor added.