Warning over 'self-inflicted wound' of hard Brexit on financial services

Financial services are the "bloodstream" of the UK economy and Britain risks a "self-inflicted wound" if a hard Brexit is pursued, a senior British Labour MP has warned.

Liz Kendall said firms are "deeply concerned" about losing membership and access to the single market and their passporting rights, which allow financial firms authorised in the UK to operate across the European Economic Area.