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Businesses ‘need Brexit deal to end gridlock’

by LLB Editor
29th Oct 19 9:59 am

CBI director-general Carolyn Fairbairn has called on the government to pass a Brexit deal so that businesses can move on from what she calls “gridlock in Parliament”.

The date of the UK’s exit from the European Union was put back to 31 January from 31 October, on Monday.

Fairbairn told the Today programme: “We clearly welcome the fact that there is a delay rather than a crash out, but the uncertainty is affecting so many businesses and the stockpiling has run to tens of millions for individual companies.

“That won’t stop because the new date is 31 January, so I think what businesses are feeling is that something has to change.

“Although no-one is jumping up and down for an election we don’t want these perpetual ongoing delays either.

“Investment is poor, so we’ve now seen five out of six quarters of declining business investment, and that is future jobs,”

She said the government should use the delay to agree a deal “so that we can lift that risk of no-deal and actually start getting back to business as usual”..

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