British Prime Minister Theresa May and her Cabinet have reached a "collective" agreement on a "business-friendly" plan for Brexit. Announced at the end of a crucial summit on Friday, the proposal seeks "to preserve frictionless goods trade with the European Union and avoid the border checks and tariffs" most feared by manufacturing companies, the UK media reported.

In a statement, the British leader said she would present the proposal to EU officials quickly. Both sides want a deal by October, before Britain leaves the bloc in March 2019.