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21 March 2019

Bloomberg: UK business warns of ‘Brexit emergency’ as no-deal risk grows

The UK’s biggest business lobby group took the rare step of joining forces with labor unions to warn Theresa May that she’s presiding over a “national emergency” on Brexit.

Avoiding a no-deal split with the European Union is “paramount” and securing an extension to the process is “essential,” Confederation of British Industry Director General Carolyn Fairbairn and Trades Union Congress General Secretary Frances O’Grady said in a letter. The two also requested an “urgent meeting” with the prime minister.

“Our country is facing a national emergency,” they wrote. “Decisions of recent days have caused the risk of no-deal to soar. Firms and communities across the U.K. are not ready for this outcome. The shock to our economy would be felt for generations to come.”

The unusual alliance between employers and the umbrella group for labor unions that represent their workers adds to the pressure on May as she faces her European counterparts to request a three-month Brexit delay at a summit in Brussels.


Full article on Bloomberg

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