LONDON (Reuters) - German carmaker BMW, which builds its Mini model in Britain, said on Tuesday it was best for business for the UK to be in the single market and urged London to ensure the country retained tariff-free access to the bloc.
Prime Minister Theresa May said earlier Britain will quit the single market when it exits the bloc, in a decisive speech that quashed speculation she would seek a compromise deal to stay inside the world's biggest trading group.
"We ... urge her to ensure the UK's negotiations with the EU result in uncomplicated, tariff-free access to the EU single market in future," a BMW spokeswoman said.
(Reporting by Costas Pitas; editing by Stephen Addison)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
