Business leaders are split on Brexit, with some wanting a delay while others not wanting to prolong the pain of uncertainty

Business leaders voiced exasperation over the state of Brexit negotiations last night as expectations rose of a delay and fears grew over the impact of tariff changes should Britain depart the European Union without a deal.

Senior executives branded the state of negotiations with Brussels “very embarrassing” before a parliamentary vote today on a possible extension to Brexit negotiations and a delay to Britain’s departure from the EU.

Sterling enjoyed its biggest daily rise of the year so far as Tuesday’s Commons vote revealed the scale of MPs’ opposition to a no-deal Brexit. After last night’s vote the pound was trading at $1.331.

Business leaders are split. While some urged Theresa May to secure a delay to Brexit on March 29, others warned that any