A spokesman for an elite club of some 50 European industry bosses said the new industrial plan announced by Mrs May this week will do little to dampen the effect of leaving the EU. Kurt Bock, head of German chemicals giant BASF who speaks for the European industry chiefs, said, "If we're talking about an industrial policy that aims to control what should grow and what should shrink, I can't really see that having been successful in any open society." Bock said tax cuts would do little to lure investments and jobs to Britain. British finance minister Philip Hammond this month hinted at this option should Britain be denied a comprehensive trading deal with the EU after Brexit. Read more here.

Why not check out our newsletter, click here to find out more.