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EU businesses warn no-deal Brexit would be disaster

2019-09-16 08:51:55       source:REUTERS

September 16, 2019


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 organisation 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.


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https://www.reuters.com/article/uk-britain-eu-business/eu-businesses-warn-no-deal-brexit-would-be-disaster-idUSKBN1W00TO