Production of Minis could be moved out of Britain if Brexit talks do not deliver a favourable result, the boss of the German car giant BMW has hinted.

Speaking at the car maker’s annual meeting in Munich, chief executive Harald Krueger appeared to ratchet up the pressure on Westminster and Brussels to settle a deal which does not harm the car industry.

"We hope for pragmatism from all parties in the Brexit negotiations,” said Mr Krueger. “That means no new barriers to trade, free movement for skilled workers.”