No-deal Brexit would put thousands of UK jobs at risk, CBI to warn

Exclusive: Carolyn Fairbairn of industry body will urge MPs to put economy before politics

A no-deal Brexit would have profound economic consequences with GDP shrinking by up to 8%, putting thousands of jobs at risk, the Confederation of British Industry is to warn.

The business body is urging MPs to back Theresa May’s deal, describing it as a “solution” businesses can work with as it delivers a transition period and avoids a “hugely damaging cliff edge”.

Related: The Guardian view on the Brexit endgame: talking at, not with, each other | Editorial

Business Secretary @GregClarkMP reflects the voice of business. 1000’s of firms in despair at prospect of no deal. Rising costs & border disruption will cost jobs for years to come. Business will work with PM’s deal. If politicians can’t, they must find a way to stop no deal.

Related: Shinzō Abe implores Britain not to leave EU without a deal

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