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By William James LONDON (Reuters) - A wave of lawmakers from the opposition Labour Party resigned in protest from leader Jeremy Corbyn's team on Monday, including his most senior business policy chief who said Corbyn was partly to blame for last week's vote to leave the EU. Corbyn has resisted pressure to quit over what critics say was his lacklustre effort to keep Britain inside the European Union, saying on Sunday that he would stand again in any leadership election triggered by the party revolt. "Too many of our supporters were taken in by right-wing arguments and I believe this happened, in part, because under your leadership the case to remain in the EU was made with half-hearted ambivalence rather than full throated clarity," wrote Angela Eagle, Corbyn's top business spokeswoman, in a resignation letter she later posted on Twitter.
By Nigel Stephenson LONDON (Reuters) - World stocks tumbled and European bank shares were on track for their biggest ever two-day fall on Monday as the political and economic fallout of Britain's shock vote to leave the European Union drove sterling to a fresh 31-year low against the dollar. Faced with a second day of turmoil after Thursday's referendum, which most in markets had thought would deliver a vote in favor of staying in the EU, investors sought safe havens such as the yen, gold and core government debt. British finance minister George Osborne sought to reassure markets, saying the world's fifth-largest economy was strong enough to cope with the Brexit-inspired volatility, but the positive impact on sterling was only fleeting.