Confederation of British Industry - no deal Brexit to shrink GDP by up to 8%

Author: Eamonn Sheridan | Category: News

Director General of the Confederation of British Industry, Carolyn Fairbairn, is to speak on Friday, reports on the text are publishing already:

  • "Next week, they [MPs] face a test. If they meet it with yet more brinkmanship, the whole country could face a no-deal, disorderly Brexit. The economic consequences would be profound, widespread and lasting. GDP would decline by up to 8%, meaning less money for our public services and those who rely on them." 
  • "Businesses would face new costs and tariffs. Our ports would be disrupted, separating firms from the parts they need to supply their customers."
The report says Fairbairn will urge MPs to put jobs and the economy ahead of politics when they vote. Good luck with that. 

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