“This Is No Way to Run a Country!” Businesses Rage at Brexit Economic Suicide as $1 Trillion Exits UK
British Prime Minister Theresa May has lost control of Brexit and the confidence of citizens with it.. | Source: REUTERS/Henry Nicholls
Britain is running head-first into economic suicide. That’s the verdict from furious business owners in the UK as we enter the third day of shambolic Brexit votes.
The latest voice to join the backlash is Carolyn Fairbairn, the head of the Confederation of British Industry (CBI), which represents 190,000 companies.
Speaking of the last-minute trade scenario for Brexit, she said the proposed rules are:
“[A ] sledgehammer for our economy… This is no way to run a country. What we potentially are going to see is this imposition of new terms of trade at the same time as business is blocked out of its closest trading partner.”
Enough is enough. A new approach needed. Extend article 50 with a clear plan for progress: Conservatives must consign red lines to history, Labour must come to table with genuine commitment to solutions. It’s time to stop this circus.
— Carolyn Fairbairn (@cbicarolyn) March 12, 2019
A Week of Shambolic Brexit Votes
To recap what’s happened this week so far:
- Monday – Prime Minister Theresa May emerged from EU negotiations with a new Brexit deal.
- Tuesday – The deal was put before parliament, rejected by 149 votes.
- Wednesday – Parliament voted to reject a “no deal” outcome.
It leaves the country in an impossible position. Parliament has rejected the only deal on the table, but also rejected a “no deal” outcome.