British media is reporting that a new business lobby group has been formed, boasting some of the UK's largest companies as its founding partners. The Business Council has been launched by the British Chambers of Commerce (BCC) in a bid to design and drive the future of the British economy.
The Confederation of British Industry has warned Conservative leadership candidates over a no-deal Brexit. Such a scenario would do severe damage to businesses, the body - which supported Remain - told all the MPs running to lead the party.
The UK risks crashing out of 40 trade agreements spanning five continents in the event of a no-deal Brexit, a business organization has warned. The Confederation of British Industry, CBI, said there were hugely damaging implications for the UK if it had to leave trade deals it has through its membership of the European Union.
Diverging from European Union rules after Brexit will mean more costs than benefits for British business, a report by the CBI employers' group says. In a survey of 23 industry sectors, the vast majority preferred continued close alignment with EU regulations.
Time is running out on Brexit, and the UK should remain in a customs union with the EU, the Confederation of British Industry has warned. Carolyn Fairbairn, head of the UK business group, said there was a lack of clarity surrounding ongoing talks about the future of UK-EU trade.