13 September 2018

Update

CBI speaks out against no-deal and briefs MPs on the importance of a withdrawal agreement

As parliamentarians get their feet under the table for the new term, the CBI works to ensure that a deal is struck with the EU.

CBI speaks out against no-deal and briefs MPs on the importance of a withdrawal agreement

With fewer than seven months to go before the UK leaves the EU, it is crucial for business that negotiators finalise the Withdrawal Agreement and agree a framework for the future relationship. The CBI is working alongside both the UK and EU to ensure that a deal is done which benefits business and ensures that we have a smooth transition.

The CBI has been clear that compromise is needed, and political ideology must be set aside. In the CBI’s recent conversations with senior stakeholders in the UK and EU, the CBI has been clear that political ideology is having an immediate impact in boardrooms, offices and factory floors. Not just on contingency planning - shifting supply chains, moving jobs and raising prices. Millions of pounds that could be better spent investing in their businesses.

Carolyn Fairbairn, Director-General of the CBI, recently commented on the no-deal technical notices. In an interview with the Sunday Times she said that advocates of no-deal were peddling a “fantasy”, and that business hoped that there “would be some cooling down” with regards to the number of voices in the Brexit debate.

Read our latest briefing on the Brexit deal for regulation

Read our latest briefing on the Brexit deal for services

To mark the start of the new parliamentary term, the CBI launched a targeted letter campaign to key MPs and Lords highlighting why frictionless trade in goods and a comprehensive deal for services matters for firms in their constituencies and networks.

Over the coming weeks the CBI will be taking these messages directly from the factory and office floor to the highest levels of government in both the UK and EU institutions, including meetings with Michel Barnier, Leo Varadkar, Simon Coveney, Dominic Raab, Greg Clark, and Liam Fox.

For more information, insight and intelligence on the latest Brexit developments and its implications, visit the CBI’s Brexit hub, or contact EUNegotiations@cbi.org.uk.