Bank of England Governor, Andrew Bailey, has sought urgent talks with the Chancellor and Treasury officials to discuss his concerns about new regulations that the Government is proposing that will give it veto powers over post-Brexit Financial rules proposed by independent authorities including the Central Bank.

Bailey believes that the new powers will undermine the Bank’s independence, since it will no longer be able to have the final say on several regulatory issues.

Brexit has become headline news again as the Government strives for every possible advantage in its fight against an economic slowdown.

Rumours that the Government has been considering proposing a Swiss-style arrangement with Brussels that would allow access to the EU's single market have been roundly criticized by leave campaigners and denied by the Prime Minister.

The fact is that in modern globalized markets, countries must seek partnerships. Isolation from its largest market while it tries to forge new supplies will leave the UK years behind and open to further disadvantage.