"Sends a signal to the world that talks are beyond saving" Matt Holehouse, Mlex, live from Brussels, Jazz FM Business Breakfast

Theresa May’s been speaking to EU leaders in Brussels at a Brexit summit.

But talks seem to be at an impasse, with no new ideas, and no sign of more compromises as the clock runs out.

However the prime minister has signalled she could be open to extending the transition period, currently from next March to the end of 2020.

Joining Nick Howard from Brussels is Brexit expert Matthew Holehouse from MLex.