Brexit focus remains on UK property

The debate about the damage Britain’s decision to leave the EU will inflict on its own economy continued over the weekend, amid reports the Bank of England was readying measures to stop a slide in investors pulling out money from property funds exposed to the London property market.

Britain’s three main banks have been in the firing line because they are exposed to any sharp falls in property values and to the slump in the value of sterling against the dollar and the euro.

Shares in RBS — the owner of Ulster Bank — rose on Friday but have fallen by almost a third since the June 23 Brexit referendum.