Thanks to Kenneth Armitage, external on Twitter for reminding us of Mr Nelson's comments on the day after the Brexit vote.

The chairman of insurance giant Lloyd's wrote on June 24th, external: 

“For the next two years our business is unchanged. Lloyd’s has a well prepared contingency plan in place and Lloyd’s will be fully equipped to operate in the new environment."

Compare and contrast with his comments on the Today programme earlier (see 6:50am post). 

The company's Brexit plans are laid out in detail on the Lloyd's website, external.

Today Programme
BBC Radio 4

Over on Today, the Lord Mayor of London, who backed Remain during the campaign, says despite the outcome of the EU referendum the UK is "increasingly facing the future with optimism".

"The strengths of London are unrivaled and we are determined to maintain our position as the world's number one financial centre," says Jeffrey Evans, whose role is to support and promote the City's international finance and business services.

He says he has been stressing to the government the importance of the single market.

"They do understand the importance of the City and we're all very much on the same page," he adds.

Dominic O'Connell
Business Presenter, BBC Radio 4 Today programme

The chairman of Lloyds of London, the giant insurance market, has issued a stark warning on the consequences of the Brexit vote, saying business could leave the City unless there was clarity on the UK’s future relationship with the European Union.

Insurance companies that trade at Lloyds are able to sell into the single European market without restrictions under the current single market agreement. If that could not be maintained – or if there was a prolonged period of uncertainty – Lloyds of London would be forced to considering “contingency” plans, its chairman John Nelson said on the Today programme.

Mr Nelson said the market was looking for “clarity” on what ministers would seek in negotiations with Brussels. If Lloyds of London had to move some business out of the City, “it won’t be Lloyds losing out, it will be the UK.”

Mr Nelson said more than 80% of the capital invested in the market came from outside the UK, including 16% from Japan – which warned on the consequences of Brexit yesterday.

This morning's Wake up to Money live point in Leadenhall Market.

Now for a look at the papers, and, with the headline "Migration points system will not work, says May", The Times leads with the prime minister rejecting the idea it says was pushed by five cabinet ministers and the Vote Leave campaign. 

"Lose on Points" is the headline for The Sun, which thinks Mrs May's attack on the Australian-style system threatens to open up a new Cabinet Brexit rift. The Financial Times also believes Mrs May's stance is "poised to inflame Brexit hardliners". It notes that her comments came as Japan and the US warned of the need for a very "soft" British exit from the EU, safeguarding access to the single market. 

The Mirror says Theresa May has also shattered the illusions of pro-Brexit colleagues by admitting Britain could continue to, in its words, "pump cash into the European Union". 

For the I's columnist, Ian Birrell, the prime minister's honeymoon is fizzling out - as she faces what he calls "the complex array of competing Brexits". 

Image source, AFP

Shares across Asia have started the week on a high, clocking gains on the solid US jobs figures out on Friday. 

The region's biggest market, Japan's Nikkei 225 was up by 0.9% while Australia's ASX 200 gained 1% and South Korea's Kospi traded 0.9% higher. 

In Hong Kong, the Hang Seng was up by 1.7% while China's mainland benchmark Shanghai Composite rose by 0.3%. 

BBC Radio 5 Live

Image source, Getty Images

Wake Up to Money has been broadcasting from Leadenhall Market in the heart of the City of London this morning, with two financial experts from opposing sides of the Brexit debate. 

Helena Morrissey, who chairs Newton Investment Management (which manages assets worth about £50bn), backed the Leave campaign. She isn't too concerned about the impact of Brexit.

"I'm now feeling increasingly confident that we can resolve the issues over trade, over single market access without having an off-the-shelf model," she says. 

The UK, she adds, "can get more of what it's looking for".

Nicola Horlick is chief executive of crowd-funding service Money & Co and a former fund manager. She backed Remain, and says access to the single-market is vital, but adds that "it's going to take some time to work out whether we can have our cake and eat it" - i.e. retain access to European markets while curbing immigration.

Good morning and welcome to a special day of coverage here on Business Live - and across BBC News on TV, radio and online. 

Throughout the day, BBC News is taking a detailed look at Brexit Britain - it's a chance to take stock a few months on from the referendum.

After the white heat of the campaign, and the political turmoil following the result, the summer has been a little quiet. But that's about to change....MPs return to Parliament today and the front pages cover Theresa May's most significant statement on Brexit since the recess. She's questioning the validity of a points-based immigration system - the type that was championed by the Vote Leave campaign. 

She's also been facing Brexit questions from other world leaders at the G20 summit in China. And President Obama has made it pretty clear that the US is in no rush to start trade talks... 

We'll bring you analysis on this and more, and as ever, we welcome your contributions. Get in touch by tweeting @BBCBusiness, or emailing bizlivepage@bbc.co.uk