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.

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.

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