Britain should be "self-confident" about Brexit and Theresa May must "stop pretending" that the UK will still be a member of the Single Market, the former governor of the Bank of England has said.

Lord King, the former governor of the Bank of England, said that there are "real opportunities" for economic reform and new trade deals after Britain leaves the European Union.

He said that while Brexit will not be a "bed of roses", the UK should be must more positive about its future than it is at present.