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Business calls for diplomacy to head off ‘no deal’ Brexit

Neil Hodge | August 24, 2018

The U.K. government’s decision to publish a series of “technical notices” to encourage firms to prepare for a “no deal” Brexit has underlined fears that leading business and employer groups have about the U.K.’s ability to negotiate an amicable and pragmatic divorce with the European Union.

While many welcome the government’s nod to firms to prepare for the worst, business groups generally believe that greater diplomatic efforts need to be made to ensure that a “no deal” Brexit does not happen, and that more details about what shape Brexit will take need to be forthcoming—and quickly.

“By now, few can be in any doubt that ‘no deal’ would wreak havoc on economies across Europe,” says Josh Hardie, deputy director general of the Confederation of British Industry (CBI). “These papers show that those who claim crashing out of the EU on World Trade Organisation rules is acceptable live in a world of fantasy.”

He adds: “Negotiators must now get on with finalising a...

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