Brexit speech: Boris Johnson refuses to rule out resignation – politics live

Follow the day’s political developments as they happen, including the foreign secretary’s ‘road to Brexit’ speech

My colleague, Jessica Elgot, watched the foreign secretary deliver his “road to Brexit” speech this morning. Here’s her full report:

Related: Boris Johnson urges remainers to recognise benefits of leaving EU

The reaction to Boris Johnson’s speech has been lukewarm at best from representatives of businesses and trade unions alike.

John Foster, the director of campaigns for the Confederation of British Industry, said businesses were committed to making Brexit a success but “evidence, not ideology, should guide the UK’s thinking on a close future relationship with the EU”.

Businesses aren’t looking for a bonfire of regulation – quite the opposite – our aerospace, automotive and chemical sectors, to name a few, all have highly integrated European supply chains that benefit from consistent regulation.

And securing alignment of data rules is vital to protect the thousands of innovative businesses that make up the UK’s 240 billion data economy.

People have learned not to trust Boris Johnson.

Instead of calming the worries of working people, he fuelled fears that he believes essential workplace rights are ‘intolerable’.

We do not make the UK more attractive to the rest of the world by putting barriers in the way of trade with our biggest market.

Whilst there may be areas where the UK wants to diverge from EU rules in the future, these are likely to be limited as the gains from divergence would have to outweigh the very significant benefits of having alignment with our closest trading partner.

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