British Prime Minister David Cameron on Monday chaired a meeting of senior ministers and officials to assess the impact on Britain of Greece's "No" vote on its austerity package.
Bank of England Governor Mark Carney and Chancellor George Osborne, who will address the MPs later, were present at the meeting.
The headquarters of the executive arm of the British government said in a statement that contingency plans were already in place following the "decisive" referendum outcome, British Broadcasting Corporation (BBC) reported.
Acording to the BBC report, the British government could not "stand back" from events in Greece, with over two million Britons visiting the country each year and over 40,000 residing there.
Before the vote, Cameron had predicted Greece would leave the eurozone if it voted "No" because it would be a "very significant default and a very significant problem", and the chancellor has warned Britain "cannot be immune" from the Greek crisis.
The Greek people on Sunday overwhelmingly rejected the European Union's (EU) bailout offer with stringent conditions by 61.3 percent voting "No" to 38.7 percent voting "Yes" in Sunday's referendum.
European Union (EU) officials warned that it could see the country ejected from the eurozone.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
