But he said ministers wanted to engage with the sector and its workforce, and to avoid the site becoming "derelict".
At the moment, we just don't know.When we see big shifts in the stock markets there can also be fluctuations in the value of currencies and exchange rates.
As a result, prices could go up, but could also go down.The value of the pound against the dollar dictates the cost to UK businesses importing goods and raw materials from abroad. If import costs go up or down this could be passed on in prices to consumers.Of course all of this depends on what happens with tariffs themselves. For more on how this could affect you,
In purely investment terms, lower share prices can offer an opportunity to buy, in the hope that over the long term, they recover and rise. Many people will do this initially through a stocks and shares Individual Savings Account (Isa).Experts and regulators are at pains to point out that investments can go down as well as up, and urge people not to put everything into one investment, but to diversify.
Some people invest money in what are known as tracker funds. These go up and down in line with the performance of a certain index, such as the FTSE 100.
So if the index falls, so does the value of their investments and vice versa. One advantage of these funds is that they often cost relatively little to sign up to.That's because it usually means people are spending more, extra jobs are created, more tax is paid, and workers get better pay rises.
When GDP is falling, it means the economy is shrinking - which can be bad news for businesses and workers.If GDP falls for two quarters in a row,
, which can lead to pay freezes and job losses.Many economists and politicians are concerned that the UK economy is not growing fast enough.