The City should still expect a flagship post-Brexit reform package to be pushed through by the government, despite the confusion created by the Conservative Party leadership race, according to reports.

Citing sources briefed on the matter, Bloomberg reports that Chancellor Nadhim Zahawi is keen to introduce the Financial Services and Markets Bill — a bumper piece of legislation covering everything from the future of regulation and capital markets to access to cash and consumer credit — before parliament's summer recess starts on 22 July.