Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Mar 13, 2019

U.K. Business Cries ‘Enough’ as Yet Another Brexit Deal Fails

(Bloomberg) -- Enough is Enough. A circus. Political negligence.

Frustration among U.K. businesses is reaching boiling point after Prime Minister Theresa May's latest attempt to get Parliament to back her exit deal from the European Union failed again. The huge defeat means another vote on Wednesday on a no-deal Brexit and, if that's rejected, a further one on Thursday on whether to extend the negotiations.

Read More: May's Brexit Deal Routed With Extension Now Seen as ‘Inevitable'

“Enough is enough. This must be the last day of failed politics,” said Carolyn Fairbairn, director-general of the Confederation of British Industry. “It's time for Parliament to stop this circus.”

Her statement came shortly after the British Chambers of Commerce issued its verdict on another night of tension and drama in Parliament. But for businesses, the drama marks just another escalation of the uncertainty that's already led them to curb investment and damage economic growth.

“Businesses have been failed over and over again by Westminster,” said BCC head Adam Marshall. “Allowing a messy and disorderly exit on March 29th would take political negligence to new extremes.”

The tone was almost universal: a retailers' lobby group said it's “exasperated” by the political squabbling, and the automotive industry warned the country is now “perilously close” to a “catastrophic” scenario.

To contact the reporter on this story: Fergal O'Brien in Zurich at fobrien@bloomberg.net

To contact the editors responsible for this story: Craig Stirling at cstirling1@bloomberg.net, Alister Bull

©2019 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search