The UK risks "crashing out" of 40 trade agreements spanning five continents in the event of a no-deal Brexit, a business organisation has warned.
CBI’s measure of private sector growth drops to -3 in February from zero in January.
UK businesses are dealing with significant levels of political turmoil and feel that no deal is hurtling closer. The impacts of a no deal are vast and will impact every region and nation of the UK. From the South West of England, to the North East of Scotland, businesses are telling us a no deal would be a disaster for the UK economy, for businesses and for individual livelihoods.
The CBI warns "the job of untangling 40 years of economic and regulatory integration is mammoth and should not be underestimated". / The employers' group said the EU's single market "is one of the most sophisticated systems of economic rules in existence".
Goods dispatched in coming days may not arrive until after 29 March deadline.
No-deal outcome to hurt every UK region with northeast England hit hardest, study predicts
22/01/2019
Areas more heavily reliant on exports and manufacturing likely to be most severely damaged, Confederation of British Industry finds.
CBI appeals to Tory MPs to shift position to avoid a no-deal Brexit, or risk further harm to the economy.
Leaving the EU with no deal in place would cause 'irreparable harm' to the UK economy, business group warned.