Theresa May needs to be quit as Prime Minister to because the Brexit talks "resemble a Greek tragedy and it only ends when everyone is dead", a leading Tory party donor says today.

Jeremy Hosking, a City financier who has donated £375,000 to the party since 2015, says the Government’s strategy to exit the European Union had to change.

Mr Hosking is the first major donor to speak about against Mrs May and her Brexit talks.

He tells today’s Chopper’s Brexit Podcast that it is time to take decisive action to ensure that Britain gets the best possible deal to leave the EU in March next year.

He says: “We are three-nil down and it is half time. We are in the dressing room having half time oranges and the plan is to wait until we are six-nil down and hope for a miracle in injury time? It just resembles a Greek tragedy and it only ends when everyone is dead.”

Mrs May had to be replaced “as soon as possible. There needs to be an audit on the strategy – the strategy is not working.

“I feel like a bit like the story of the emperor’s new clothes – someone has got to say it – it ain’t working.”