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Brexit as an ideological project has stripped the government of any sense of basic pragmatism.
Britain is already heading for the worst coronavirus-induced slump of any major economy. Now fears are rising that businesses could be slammed by a second body blow this year — the failure of trade talks with the European Union.
'Securing a good deal with the EU, our most important trading partner, will open doors that have been closed by uncertainty. As of 31 January, the UK moved into a transition period until December 2020. While this reduces the immediate risk for businesses, without an option to extend transition, there remains a risk of no deal in a year’s time.'
British firms do not have the resilience to cope with a no-deal Brexit after the battering of the coronavirus crisis, according to the outgoing boss of industry body the CBI.
Carolyn Fairbairn says many businesses cannot prepare for no deal during Covid-19 crisis.
Dame Carolyn Fairbairn likens walking away from trade talks to ‘setting fire to the garden shed’ when the house is already in flames.
Many firms are clinging on during the coronavirus crisis and have no capacity to to contemplate failure in talks with EU.
Senior ministers expected to sign off on the UK’s negotiating blueprint on Tuesday.
Boris Johnson's immigration plans for after Brexit are facing a massive backlash as industry leaders say key fields - like farming, construction and the stricken care industry - won't get the workers they need.
The prime minister blackballed business groups from his keynote speech on the future of EU trade talks yesterday, accusing them of failing to prepare their members for the “reality” of post-Brexit Britain.
New Tory MPs have promised to transform the region, but its greatest threat will come in days, when Britain leaves the EU.
The Chancellor has warned there will be no alignment with EU regulations after Brexit - despite a pledge being made in the North East by Boris Johnson that standards would be protected.
Many EU member states are calling for a very hard line with the UK in talks on future relationship.
New orders fell and outlook for the year ahead remains gloomy.
Survey finds majority of factory owners have cut investment, as insolvencies hit six-year high.
“Frictionless EU trade and regulatory alignment is vital for UK prosperity and jobs. The deal remains inadequate on services, which make up 80% of the UK economy. And big questions remain about the feasibility of negotiating a new trade agreement deep enough in a 14-month transition period."
A determined ignorance of the dynamics of global capitalism is bringing about a long-overdue audit of British realities.
‘We must leave with a deal that protects jobs and livelihoods – or get mired in a swamp,’ says Confederation of British Industry.
CBI says just 10 per cent of the firms said sales are higher than this time last year.
Labour leader demands transparency for public and business.
The surging price of bitcoin could reach record highs in the coming months if the UK leaves the European Union without a deal, according to some cryptocurrency analysts.
The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said.
The day after the British government signalled a ramping-up of preparations to leave the European Union without an agreement, two reports have called into question the readiness for a no-deal Brexit.
Output fell in past three months at sharpest rate since 2009 and investment plans for next 12 months weakened.
CBI warns uncertainty is crippling UK economy with country at risk of lagging behind G7 competitors.