Category Archives: Confederation of British Industry (CBI)

Brexit: MPs will have another say by end of month, says minister

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James Brokenshire says Commons will have chance to block no-deal departure

The government has sought to buy Theresa May more time to put together a workable Brexit deal by promising MPs another say by the end of the month, as business leaders said the process was now in the “emergency zone”.

The communities secretary, James Brokenshire, said that if no finalised deal were put to the Commons by 27 February, MPs would again be given an amendable motion to consider. This would give them the chance to block a no-deal departure or make other interventions.

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No-deal Brexit ‘poses threat to global stability’ – CBI head

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Carolyn Fairbairn warns bosses at Davos that damage caused by disorderly exit could spread far beyond the UK

Fears are growing internationally that a no-deal Brexit poses a threat to the stability of the global economy, the head of Britain’s leading business body has warned.

Carolyn Fairbairn, director-general of the CBI, said the failure to sort out Britain’s departure from the European Union was damaging Britain’s brand abroad and had joined a list of systemic risks to the world economy.

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No-deal Brexit would put thousands of UK jobs at risk, CBI to warn

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Exclusive: Carolyn Fairbairn of industry body will urge MPs to put economy before politics

A no-deal Brexit would have profound economic consequences with GDP shrinking by up to 8%, putting thousands of jobs at risk, the Confederation of British Industry is to warn.

The business body is urging MPs to back Theresa May’s deal, describing it as a “solution” businesses can work with as it delivers a transition period and avoids a “hugely damaging cliff edge”.

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