Hello and welcome to Business Daily from the BBC. I'm Manuela Saragossa.

Coming up, Brexit, what does it mean for the UK's standing in the world?

Well, it does question our whole place in the world. For the last 45 years, we've based all our political status in the world as one of the three leading influential players in the European Union.

And what does Brexit look like from outside the UK?

The saying here is, you know, there are two kinds of countries in Europe,

small countries and small countries that are still in denial that they are small countries.

If you talk to people in Brussels, I think pity has now made way for just indifference.

The view from inside and outside of the UK

coming up here in Business Daily from the BBC.

The UK Prime Minister Theresa May meets with British business leaders today

to drum up support for the deal she struck with the European Union last week,

a deal that outlines the terms under which the UK leaves the EU next March. And it's looking

quite good on that front. Many businesses are just relieved there is a deal. Their worst case scenario is what's

been dubbed as a no-deal Brexit, where the UK crashes out of the EU next year with no

agreements in place over how exactly trade and goods will flow between the UK and EU borders

after Brexit. Have a listen to John Allen. He's the president of one of the UK's biggest

business groups, the CBI. He's also president of the supermarket chain Tesco and homebuilders Barrett.

It isn't perfect, but it significantly reduces the risk of a no-deal, untimely, sort of ungainly exit from the EU.

It doesn't eliminate it entirely, of course, until Parliament has approved it.

We think, and I think most of British business believes,

that a no-deal exit would actually be very, very damaging to the UK. And this, I think,

offers the prospect of finding our way to a situation where we've got a negotiated exit, which is pretty good.

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