The Edinburgh festival fringe is facing the loss of a $25m (£20m) five-year investment by a big US circus company owing to uncertainties over Brexit.

Spiegelworld, one of Las Vegas’s biggest variety producers, is staging an extravaganza in Edinburgh this week before transferring back home to a purpose-built theatre in September.

Its Atomic Saloon Show, a circus-variety show “set in a wild west neon disco” and featuring acrobats and dancers in gravity-defying acts, was meant to have been the first of five annual productions created and premiered in Edinburgh, but its producers are now having to consider relocating their European base to Berlin or Paris.

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