There is no clarity on whether Britain will retain access to the European single market when it leaves the EU
Indian diplomat, Navtej Sarna, who will be visiting Washington shortly, has been asked to bring US, UK and India "closer"
Comments added to jitters on financial markets
The pound has come under renewed pressure as fears grow that Britain's divorce from the EU will be messier than expected
However, a survey last week suggested London's dominance could be under threat as the implications of leaving the EU sink in
New immigration rules to control the number of students heading to study in Britain were announced by the minister on Tuesday
Hammond's remarks came a day after PM Theresa May set a timetable for Britain's exit
Using Article 50 of the EU's Lisbon Treaty will give Britain a two-year period to clinch one of the most complex deals in Europe since World War Two
Sterling fell around 1 per cent against dollar to a seven-week low of $1.2850, and a three-year low against euro of 87.47 pence per euro
She has also promised a Great Repeal Bill in the next Queen's Speech, which sets parliamentary business for the year
The Bank of England held interest rates steady this month, but indicated it could cut rates if Britain's economic outlook weakens
Over half of all financial firms surveyed said the general impact of Britain's Brexit vote was negative
Henry's objections to the taxation levied by Rome is echoed by the Brexit camp's complaints about UK contributions to the EU budget
British Foreign Secretary Boris Johnson said talks were on with European 'friends and partners' on the issue
Although Brexit has so far had limited impact and some analysts have lifted their gloomy forecasts
New 'Leave Means Leave' group argues that Britain must pull out of the EU's single market
The UK voted its way out of the EU in a June referendum but the official divorce proceedings cannot begin until Britain starts procedures
The Bank said its nine rate-setters were unanimous in their decision to keep Bank Rate at its new record low of 0.25%, the lowest in the BoE's 322-year history