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Sadiq Khan today claimed it would be possible for London to retain “privileged” access to the single market.

The Mayor insisted it could happen if the “difficult” Brexit talks were conducted “in good faith” by the Government and the European Union.

Theresa May has made it clear that Britain cannot remain within the single market as it would require agreeing to freedom of movement, but wants the “freest possible” trade with the bloc.

However, Mr Khan appeared to retain some hope that the capital could make its own arrangements.

“My view is we need to have privileged access to the single market so we can sell our goods but also our services,” he told ITV News. “It’s going to be difficult but it’s possible.”

Mr Khan said he was “devastated and heart-broken” Britain was leaving the EU but conceded there was no going back as the “course is set”.