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We are carrying out a programme of sectoral and regulatory analysis, which will identify the key factors for British businesses and the labour force that will affect our negotiations with the EU. This will help inform our negotiating position and build a detailed understanding of how withdrawing from the EU will affect our domestic policies, to seize the opportunities and ensure a smooth process of exit.

Britain should seek to lead the world in harnessing the emerging technologies that can make our lives easier and our economy more productive. This study will consider how we make that happen.

I can confirm that, despite the fiscal pressures, we will meet our commitments to protect the budgets of key public services and defence;

The UK economy is forecast to be the fastest growing major economy in 2016, but the Office for Budget Responsibility has forecast growth to slow and inflation to rise over the next two years.

This is a complex issue and DExEU is working closely with the Home Office and other Government departments to identify and develop options to shape our future immigration system.