"We need to look at what we can do to support demand and credit in the economy. The Bank of England has many tools and the governor of the Bank has already indicated in this," Osborne said at the parliament's session, commenting on the investments prospects after Brexit.
According to Osborne, the UK lending instruments have proven resistant to economic downturns.
"The British Business Bank, which was a policy announced, I think by me, at this dispatch box is working successfully and I pay tribute to our Liberal Democrat colleagues in that government for helping us to deliver it. Of course, it has an important role to play going forward," he said.
On June 23, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it.
The referendum outcome has already caused turbulence in the UK economy. The Fitch Ratings and Standard & Poor's agencies downgraded the country's long-term financial risk rating to AA with a negative outlook, while the UK pound has plunged to the lowest level against the dollar since 1985.
