Diverging from European Union rules after Brexit will mean more costs than benefits for British business, a report by the CBI employers' group says. In a survey of 23 industry sectors, the vast majority preferred continued close alignment with EU regulations.
Japan's ambassador to the UK has said Brexit is a high stakes issue and that no company would be able to stay in the UK if it was not profitable. Koji Tsuruoka was speaking outside Number 10 after a meeting between Prime Minister Theresa May and 19 top Japanese bosses.
Businesses need more clarity on Brexit, the Chancellor, Philip Hammond, has acknowledged. Speaking at the BBC's Today program he said the sooner the government gave businesses more certainty about the process, the sooner the economy would pick up.