Foreign Secretary warns of 'economic damage' if Britain quits the EU

Philip Hammond. Credit: Press Association

The Foreign Secretary has warned of the 'economic damage' Britain might face if it leaves the European Union.

Speaking to ITV News, Philip Hammond also denied the Cabinet was split over the issue of whether to stay in or leave the EU. He said:

"We won't satisfy everybody," he added.

Asked if the Cabinet was split over whether to stay in the EU or not, he said: