"In all actuality, for the greater part of your organizations, that vulnerability will just truly be determined when we go to an understanding ... on the relationship we now need with our European partners..." Osborne said at a gathering facilitated by The Times daily paper.
"What's more, I imagine that is the place the desperation is presently required."
He included that Britain ought not trigger its two-year notice period to leave the EU, known as Article 50, until this relationship had turned out to be clear.
(Reporting by Andy Bruce and Ana Nicolaci da Costa, altering by David Milliken)
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