CBI says averting a cliff edge in March 2019 is crucial for UK and EU businesses
08 Aug 2018
With the Article 50 deadline just over 230 days away, the prospect of a “no deal” Brexit has been in the headlines again. The CBI, of which the MIA ss a member to benefit all MIA members, is working hard to ensure policymakers understand the likely costs of ‘no deal’ for businesses and consumers in the EU and the UK and today they released this briefing for policymakers.
Over the last two years, the CBI has been clear that this outcome would be the worst-case scenario for businesses on both sides of the Channel.
Ahead of the next critical phase in the Brexit talks, the CBI will focus on providing negotiators with unequivocal economic evidence from the business community on what ‘no deal’ would mean and why it should be avoided at all costs. What policymakers need to do to avoid this outcome is clear; the CBI will urge negotiators to finalise the Withdrawal Agreement and secure as much of a Framework Agreement for future trade as possible, at the October European Council meeting.