Anti-Brexit protestors gathered outside the Houses of Parliament in London on March 12 ahead of the first of a series of votes on Brexit. AFP/File/Tolga AKMENBritain’s business community on Wednesday urged politicians to avoid a “no deal” Brexit after another crushing parliamentary defeat for Prime Minister Theresa May over her EU-divorce deal with Brussels.
“It’s time for parliament to stop this circus,” said Carolyn Fairbairn, director-general of Britain’s biggest employers’ organisation, the Confederation of British Industry, after MPs rejected May’s draft divorce agreement for the second time late on Tuesday. The British Chambers of Commerce , which represents thousands of firms, agreed that a “no deal” exit must be avoided.
It added: “Businesses will take a dim view of more shuttle diplomacy and last-minute bargaining, which have so far done nothing to end the political impasse. Under the proposal, 87 percent of imports into Britain will be eligible for zero tariffs. That compares with the current level of 80 percent. In the auto sector, the government said that carmakers reliant on EU supply chains would not face tariffs for imported parts used to make vehicles in Britain.
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UK economy experiences mixed fortunes ahead of Brexit - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.With just weeks to go until Britain is due to exit the European Union, the country's economy is experiencing mixed fortunes, with slowing growth and low unemployment.
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