Inquiry hears of massive extra costs, a mountain of red tape, shrinking investment and chemicals ‘disappearing’ from UK market.

The risk of a no-deal Brexit is turning into a "full-blown economic crisis", the aerospace trade body has warned.

The future of the UK's £34bn aerospace sector is at risk if ministers do not reach a deal with the European Union over the mutual recognition of parts, the aviation trade body ADS says.

Rishi Sunak is facing fresh demands to improve the UK’s Brexit deal with the EU.