As the political fallout of the Brexit vote continues credit rating agency Moodys has downgraded the UK's economic outlook to negative.

The agency said the decision to leave the European Union would now mean a prolonged period of uncertainty.

Later this morning Labour leader Jeremy Corbyn will also give a speech setting out his view for a UK outside of the EU.

Mr Corbyn is under pressure to step down as Leader with a motion of no confidence in him due to be discussed at a Parliamentary Party meeting on Monday evening.

There will also be an emergency meeting of the Scottish cabinet this morning

Scotland's First Minister Nicola Sturgeon has said it would be democratically unacceptable for it to be taken out of the EU, just two years after it had opted not to become independent.