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Industry group warns Tory candidates against no-deal Brexit

twitter-logo PTI        Last Updated: May 31, 2019  | 16:33 IST

London, May 31 (AP) The Confederation of British Industry has warned candidates for the leadership of Britain's Conservative Party that leaving the European Union without a deal would devastate the nation's economy. In a letter to contenders vying to replace outgoing Prime Minister Theresa May, the group's head, Carolyn Fairbairn, warned that most firms would never be ready for a no-deal Brexit. Fairbairn says smaller and medium-sized businesses in particular "cannot afford complex and costly contingency plans." Britain's Parliament has voted not to leave the EU without a deal, but May's failure to secure an agreement has prompted candidates to suggest no-deal should be back on the table. So far, 12 Conservative lawmakers are vying to replace May. The contest's winner will become Britain's next prime minister without the need for a national election. (AP) SCY SCY

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