The Institute of Directors and the West Midlands’ Tory mayor Andy Street have cited the UK’s relationship with Europe as a major impediment to business confidence and performance.

Andy Street’s comments come after Tory leadership contenders insisted Brexit has provided opportunities. / Brexit is bad for business, the Conservative mayor for the West Midlands has said.

Jobs and industry 'in peril' if they face post-Brexit tariffs and delays, says top Tory.