Business calls for compromise to avert no-deal threat to economy
BUSINESS AND union leaders last night called for urgent action to find a way through the political crisis engulfing the nation, in the wake of the crushing Brexit defeat for Prime Minister Theresa May.
Senior industry figures claimed that there should be an extension to the transition period to allow time for a way forward.
The Confederation of British Industry (CBI)’s director general, Carolyn Fairbairn, claimed that “every business will feel no deal is hurtling closer”.
She added: “A new plan is needed immediately. This is now a time for our politicians to make history as leaders.
“All MPs need to reflect on the need for compromise and to act at speed to protect the UK’s economy.”
Stephen Martin, the director general of the Institute of Directors, warned the “collective failure” of political leaders had left the UK “staring down the barrel of no deal”.
He added: “As things stand, UK law says we will leave on March 29, with or without a withdrawal agreement, and yet MPs are behaving as though they have all the time in the world – how are businesses meant to prepare in this fog of confusion?”
Dr Adam Marshall, the British Chambers of Commerce’s director general, added: “There are no more words to describe the frustration, impatience, and growing anger amongst business after two-and-a-half years on a highstakes political roller-coaster ride that shows no sign of stopping.
“Basic questions on real-world operational issues remain unanswered, and firms now find themselves facing the unwelcome prospect of a messy and disorderly exit from the EU on March 29.”
Union leaders also spoke of the need for decisive action to tackle the political challenges ahead.
The TUC’s regional secretary for Yorkshire, Bill Adams, said: “The Prime Minister must immediately secure an extension of Article 50. It’s time to give the people the final say, whether through a General Election or popular vote.
“Working people need a government that’s fit to govern, and for politicians to put jobs and rights first.”