Treasury coffers may take a £66bn annual hit if Britain goes for a hard Brexit, cabinet ministers have been warned. The former Conservative minister Anna Soubry MP, a supporter of the Open Britain campaign, said: “The horrific damage of a hard Brexit is clear. The Liberal Democrat leader, Tim Farron, said the leaked documents showed quitting the single market would wreck the economy. “This is yet more proof that hard Brexit would be an act of sheer economic vandalism,” he said. The Liberal Democrats will stand up for Britain’s membership of the single market.

Source: The Guardian October 10, 2016 23:30 UTC