Brexiters say Britain would escape the clutches of EU red tape and save billions of pounds in net payments. But many companies would probably leave Britain if it is no longer an EU gateway. British business says it could cost the country €128bn
New registrations of cars in the European Union have gone down markedly in recent weeks. Fresh figures show that particularly the UK auto market is going through a rough patch amid Brexit-related uncertainties.
Theresa May has not left Brussels empty-handed, but at the end of a two-day EU summit, the bloc still lacks "all the details we need." EU leaders remained at odds on some internal reforms, as well.
German Chancellor Angela Merkel has said she firmly believes a Brexit deal can be reached despite a lack of details from Britain. Merkel also said EU leaders agreed to cut financial aid to Turkey over rights violations.
Prime Minister Theresa May has urged a summit of European leaders to lay out a plan for Brexit negotiations to move forward. But her EU counterparts say they first need to see more concrete offerings from the UK's side.
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