Responding to Theresa May’s speech announcing her departure as Prime Minister, Edwin Morgan, Interim Director General of the Institute of Directors, said:

“To borrow a phrase, nothing has changed, or at least, very little has. A new leader will be faced with the same political challenges and the same economic realities.

“No deal remains a significant, and growing, concern for businesses, and that cannot be wished away, whoever is in power. When companies and the country need serious, considered decision-making, we have pantomime instead.

“We would ask for politicians to swiftly come to a solution which provides for as smooth an exit as possible, but that feels like a vain hope at the moment.”