Theresa May warned by Europe's biggest businesses that time is 'running out' over Brexit 

Theresa May attending RAF centenary celebrations at Downing Street
Theresa May attending RAF centenary celebrations at Downing Street

Theresa May has been warned by some of Europe's biggest businesses that "time is running out" and that a free trade deal after Brexit must be as "frictionless as with a customs union".

The Prime Minister met the European Round Table of Industrialists in Downing Street for discussions about future customs arrangements with the EU.

The business leaders, who included the chairman of Volvo, BP, Nestle and BMW, said that they need "clarify and certainty", adding that "uncertainty causes less investment".

Mrs May has ruled out keeping Britain in a customs union after Brexit and her Cabinet is split over future customs arrangements with the EU.

In a statement after the meeting, the EU group of business...

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