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By Sarah Young LONDON (Reuters) - UK housebuilders have lost as much as 40 percent of their value since Britain voted to leave the EU, as the threat of recession erased their standing as safe haven stocks. About 8 billion pounds has been wiped off the market capitalisation of the country's four biggest housebuilders, Taylor Wimpey , Persimmon , Barratt and Berkeley , since the result of Thursday's referendum. "You've gone from certainty and clarity and confidence to a complete lack of," Shore Capital analyst Robin Hardy said.
German Chancellor Angela Merkel said on Monday she did not want to pressure Britain to slow or accelerate its exit from the European Union but she also made clear that informal discussions on Brexit could not begin until London applies to leave. On Friday Prime Minister David Cameron said he would resign in October and that he would leave it to his successor to start the formal process to quit the EU by invoking Article 50. The chief executive of Britain's Vote Leave campaign, Matthew Elliott, has said that London should begin informal negotiations on a full settlement governing its post-exit relationship with the EU before invoking Article 50.