Industrialists demand clarity and say trade must be as frictionless as with customs union

Leading European industrialists, including bosses from BP, Nestlé, E.ON and Royal Mail, have warned Theresa May that time is running out and said businesses want post-Brexit trade with the EU to be as frictionless as with a customs union.

At a private meeting in Downing Street with the prime minister and the Brexit secretary, David Davis, senior business figures from the European Round Table of Industrialists (ERT) warned that “uncertainty causes less investment”.

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