Firms plan to quit UK as City braces for more post-Brexit losses

Chancellor to make morning statement to reassure markets as survey reveals negative business impact of EU vote

British businesses have warned that Brexit will trigger investment cuts, hiring freezes and redundancies as the consequences of leaving the European Union threaten to destabilise markets further this week.

Related: Brexit live: George Osborne tries to calm markets with early-morning speech

Related: Market turmoil fears likely to force Mark Carney to abandon ECB meeting

Related: Brexit triggers Corbyn coup: Watson ‘saddened’ by Labour departures – live

Related: Bank of England seeks to limit damage of UK’s vote to leave EU

Related: Get ready for more market reaction to Brexit

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Steeling ourselves to the economic shock | Letters

We in the UK do not make anything. We make neither ships nor cars; we no longer even make the steel that makes these things. We do not make white goods, or black goods. We do not make textiles. We cannot heat, fuel, clothe or even feed ourselves. The only thing we had to offer for these essentials were our financial services – supplied to a trading bloc on which we have now deliberately turned our backs and to a rest of the world that only dealt with us because we were a member of that trading bloc. How, then, do we as a nation survive?
Wal Callaby
Ipswich, Suffolk

• I know loads of people who voted leave, including in my own family, and I haven’t heard a bigoted comment from a single one of them. From the remain side, however, there has been explicit ageist bile, contempt for the uneducated, talk of sewers bursting, fantasies about creating a new independent state that would exclude the backward “racist” north, and arguments for limiting old people’s right to vote on the basis that they lack the IQ or social nous to make big decisions. If the leaders of remain want to see bigotry, they should look in the mirror.
John Davison
London

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Labour revolt puts pressure on Corbyn

A string of Labour shadow cabinet members quit, with further resignations expected, in protest at Jeremy Corbyn’s leadership over the EU referendum – but a spokesman for the leader says he “won’t be resigning”.

England whitewash Australia: Jeremy Guscott’s view on 3-0 Test series win

England’s whitewash of Australia is a massive result but this team has an even brighter future, says ex-England & Lions centre Jeremy Guscott.