Blackrock president warns on Brexit 'consequences'

Wall Street banks have voiced fears that uncertainty about Brexit could danger jobs and investment in the UK.

Rob Kapito, co-founder and president of Blackrock, which manages $5tn of clients’ funds, said the Brexit vote has had "unintended consequences" which affect everyone across the UK.

He also told the Today programme’s Dominic O’Connell that "any good firm" was making contingency plans in case it needed to leave the UK to continue to trade.