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Brexit vote unlikely to produce clarity, so government prepping businesses for the worst

Paul Hodgson | January 14, 2019

With the impending Brexit disaster looming, there are too many variables. Will Members of Parliament (MPs) approve the only deal available; will the United Kingdom crash out of the European Union with no deal; or will the government crash out, and will there be no Brexit at all?

We are unlikely to get answers Tuesday evening, when MPs are scheduled to vote on the Brexit deal Prime Minister Theresa May put on the table. The deal is widely expected to get voted down, which will leave Britain business in a precarious position with no clarity and a March 29 deadline looming. 

Companies and their compliance officers are understandably concerned.

The job losses at Ford and Jaguar Land Rover (JLR) have been blamed on industry problems, not on Brexit, though the Confederation of British Industry (CBI) predicts thousands of job losses if there is no deal, and JLR and Honda both have warned of dire consequences of the no-deal. The CBI says business can work with the...

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