Ursula von der Leyen has said that time is running out for an agreement to be struck with the UK on a post-Brexit free trade deal. Mrs von der Leyen said Margaret Thatcher had always insisted that the UK honoured its treaty commitments. She quoted the former prime minister as saying: “Britain does not break treaties. It would be bad for Britain, bad for relations with the rest of the world and bad for any future treaty on trade.” She added: “This was true then and this is true today. Trust is the foundation of any strong partnership.”