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16 September 2019

BusinessEurope: Brexit - no deal means disaster, must be definitely ruled out

BusinessEurope published an unprecedented warning against a disorderly, no-deal exit of the UK from the European Union.

BusinessEurope Director General Markus J. Beyrer said: “No deal is a recipe for disaster and should be definitely ruled out. A disorderly, no deal exit of the UK would be extremely harmful for all sides. It would cause massive damage for citizens and businesses in the UK and on the continent alike. The negative consequences would not be limited to the exit date but would drag on endangering the fruitful and positive future relationship we all aim for.”

Beyrer warned, the UK leaving without a deal would mean opening the door to further uncertainty, access to goods would cost more and travelling would become more difficult:

“Nobody knows how long the EU and the UK will need to define a future relationship. In the meantime, citizens and companies will face the hard consequences of the UK becoming a third country falling from the status of full integration into the single market to a relationship with the EU less close than almost all other countries in the world, inter alia meaning tariffs and heavy border controls. Access to each other's goods and services will become much more difficult and will cost more and things that seem simple today like travelling will become more difficult. A deal is therefore an absolute necessity.”

Full press release on BusinessEurope


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