Business secretary Greg Clark has hit back against anti-business comments by his cabinet colleagues, insisting companies such as Airbus are “entitled to be listened to with respect” on Brexit.

Clark was challenged in the House of Commons yesterday by Labour MP Mark Tami, after health secretary Jeremy Hunt dismissed warnings by manufacturer Airbus about the consequences of a no-deal Brexit as “completely inappropriate”.

Meanwhile the European Banking Authority has told City banks they needed to “rapidly advance” their planning for a hard Brexit – potentially putting the Bank of England at odds with the EU’s top regulator.

Later today Financial Director is interviewing shadow City minister Jonathan Reynolds- so it will be interesting to get his take.