CBI sets out business impact of 'no deal' Brexit in every region across the UK
25 January 2019
CBI analysis of government figures underlines the importance of ‘no deal’ being taken off the table to prevent economic fallout – and protect jobs and living standards.
Following last week’s Brexit vote and defeat of the Prime Minister’s deal, 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 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
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 visit the CBI Brexit hub.
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