EU industrialists concerned, no Brexit deal will damage both economies

The European Round Table of Industrialists group said in a statement following a meeting between some of its members and British Prime Minister Theresa May in London.

European business leaders said a Brexit agreement must urgently be found as uncertainty over Britain's exit from the European Union was leading to less investment and undermining growth.

"We are concerned that time is tight to avoid a no-deal Brexit, which would damage both the UK and the EU27 economies," the European Round Table of Industrialists group said in a statement following a meeting between some of its members and British Prime Minister Theresa May in London.

It added: "A future EU/UK partnership must have an uninterrupted and frictionless flow of goods, such as with a customs union, and create a stable and fair regulatory environment."