22 February 2019

News

CBI continues to highlight the fallout of a no deal scenario

While the Prime Minister returned to Brussels to meet EU leaders to win concessions over the backstop this week, the CBI used features in several newspapers emphasising the damaging implications of a no deal exit from the EU in March.

CBI continues to highlight the fallout of a no deal scenario

Coinciding with the Prime Minister’s trip to Brussels this week, where she seeks to obtain further concessions on the Irish Backstop, the CBI has been vocal in the media, highlighting the consequences of a no deal.

To start the week, CBI Director-General, Carolyn Fairbairn, featured in a Sunday Times article saying that businesses are “in despair”. She went on to to urge the government that any changes to the deal must pass three tests: protecting our economy, commanding majority support in Parliament, and being negotiable with the EU.

Read The Sunday Times article - CBI chief: businesses ‘in despair’

Also this week, the CBI has been vocal on the disastrous mpact uncertainty is having on businesses across the UK. In a Times Thunderer, Carolyn called for politicians to avert a no‑deal, being clear that while the never-ending parliamentary process limps on, the economic impact of no deal planning is accelerating.

Read Carolyn’s full Times Thunderer column

Finally, in a number of regional Op-Eds the CBI has emphasised the hugely damaging implications for the UK of crashing out of 40 trade agreements spanning five continents it belongs to through EU membership.

Read the CBI's national Op-Ed 

For more information please get in touch with the CBI’s EU Negotiations team or visit the CBI Brexit hub.