Prime Minister Theresa May has offered MPs the chance to vote in just over two weeks time on whether to delay Brexit or go for a potentially disorderly no-deal exit from the European Union if her attempt to ratify a divorce deal fails.

A government assessment of the impact of a no-deal Brexit on business and trade, says customs checks could cost business £13bn a year in a no-deal situation and there was “little evidence that businesses are preparing in earnest” for such a scenario.


Piecemeal delays to Brexit “would not be good” for carmaker BMW, spelling more uncertainty for its four UK plants, said Andreas Wendt, a board member and purchasing chief of the group.

Metro Bank announced a £350m share placement and reshuffled its board as the banking disrupter fought to contain a crisis over an accounting error that is now being investigated by regulators.