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Leaving the EU with no deal in place would cause 'irreparable harm' to the UK economy, business group warned.
CBI appeals to Tory MPs to shift position to avoid a no-deal Brexit, or risk further harm to the economy.
Areas more heavily reliant on exports and manufacturing likely to be most severely damaged, Confederation of British Industry finds.
Goods dispatched in coming days may not arrive until after 29 March deadline.
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".
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.
CBI’s measure of private sector growth drops to -3 in February from zero in January.
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.
Industry group and union body join forces to demand Theresa May changes approach. / Britain’s foremost trade union body and industry lobby group have joined forces to demand Theresa May urgently changes her approach to Brexit, warning the country now faces a national emergency.
Falling business volumes, a sharp decline in jobs and a ‘national emergency’ have damaged bankers’ confidence.
The Confederation of British Industry has warned Conservative leadership candidates over a no-deal Brexit. / Such a scenario would do "severe" damage to businesses, the body - which supported Remain - told all the MPs running to lead the party.
CBI warns uncertainty is crippling UK economy with country at risk of lagging behind G7 competitors.
Output fell in past three months at sharpest rate since 2009 and investment plans for next 12 months weakened.
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.
The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said.
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.
Labour leader demands transparency for public and business.
CBI says just 10 per cent of the firms said sales are higher than this time last year.
‘We must leave with a deal that protects jobs and livelihoods – or get mired in a swamp,’ says Confederation of British Industry.
A determined ignorance of the dynamics of global capitalism is bringing about a long-overdue audit of British realities.
“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."
Survey finds majority of factory owners have cut investment, as insolvencies hit six-year high.
New orders fell and outlook for the year ahead remains gloomy.
Many EU member states are calling for a very hard line with the UK in talks on future relationship.