EU businesses warn no-deal Brexit would be disaster By Reuters

EU businesses warn no-deal Brexit would be disaster By Reuters

BRUSSELS (Reuters) – Britain’s exit from the European Union without a divorce agreement would be a disaster and must be ruled out, Europe’s biggest business organization said on Monday, as EU officials warn this worst-case scenario is increasingly likely.
After twice postponing the date of leaving the EU, Britain is now set to exit on Oct. 31, but the country’s parliament and public are deeply divided over the terms of the divorce.
“No deal is a recipe for disaster and should be definitely ruled out. A disorderly, no deal exit of the UK would be extremely harmful for all sides. It would cause massive damage for citizens and businesses in the UK and on the continent alike,” BusinessEurope Director General Markus Beyrer said.
BusinessEurope is a lobby group that speaks for all sizes of enterprises in 34 European countries, including Britain.”The negative consequences would not be limited to the exit date but would drag on, endangering the fruitful and positive future relationship we all aim for,” Beyrer said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source link