UK CBI President John Allan said in the group’s annual conference that even though Prime Minister Theresa May’s Brexit deal is “not perfect”, it “opens a route to a long-term trade arrangement, it unlocks the transition period – the very least that companies need to prepare for Brexit”. And more importantly, he emphasized that ” it avoids the nightmare scenarios a no-deal departure, which would be a wrecking ball for our economy.”
The group’s Direct General Carolyn Fairbairn complained that “Westminster seems to be living in its own narrow world, in which extreme positions are being allowed to dominate.” And, “the result is a high-stakes game of risk, where the outcome could be an accidental no-deal.” She also acknowledged that May’s deal is “not perfect” but a “compromise”, a “hard-won progress”. She urged that “this is not a time to go backward”.
