25 January 2019

Update

CBI sets out business impact of a 'no deal' Brexit in every region and nation across the UK

CBI analysis of government figures underlines importance of ‘no deal’ being taken off the table to prevent economic fallout and protect jobs and living standards. 

CBI sets out business impact of a 'no deal' Brexit in every region and nation across the UK

Following last week’s Brexit vote, where the Prime Minister’s deal was defeated, Theresa May gave a statement in the House of Commons on Monday outlining the government’s next steps on Brexit.

Responding to the vote and the statement, the CBI has been clear that a March no deal must be taken off the table. This was backed up with CBI’s fresh analysis on the long-term economic impact of a ‘no deal’ Brexit which included over 40 real-world case studies of companies in every UK region outlining why no deal would be so damaging for their business. Shared concerns include border delays destroying carefully built supply chains and extra costs and tariffs damaging competitiveness.

Read CBI’s latest no deal regional analysis

The CBI’s economic impact of a ‘no deal’ Brexit analysis received extensive regional media coverage, featuring in the Yorkshire Post, The Times (Scotland) and BBC Spotlight (TV). Further to this, national press also covered the impact of a no deal in Newspapers including The GuardianThe Daily Mail and The Express.

While taking a March no deal off the table would provide some much-needed respite for many businesses, it is clear that the Brexit deadlock will only be broken by a genuine attempt by all MPs to find consensus and compromise. Next week will see MPs debate a series of amendments in response to the Prime Minister’s statement on the government next steps on Brexit, including proposals to rule out a March no deal. Those amendments selected by the speaker on Tuesday 29 January will be voted on by MPs later that evening.  Following the vote, the CBI will be consulting its Chairs Committee on Wednesday to help inform next steps.

Read the CBI’s response to the Prime Minister’s speech

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