CBI says firms will reduce recruitment without a deal in time
Most British firms will delay investment and cut recruitment plans unless a Brexit transition deal is agreed early next year, company bosses have warned. The stark claim from Britain’s biggest business group comes amid the strongest signs yet that the corporate world has lost patience with cabinet infighting and lack of progress in Brexit talks.
Paul Drechsler, president of the Confederation of British Industry (CBI), said there was “exasperation” at the lack of progress, and criticised the fact that Theresa May had still not held a full cabinet discussion on the final Brexit deal. “I couldn’t believe that any team of people would take on a mission of this scale without considering it in detail in terms of the pros, cons, costs and benefits – nobody could embark on the biggest deal of their life without considering it in the boardroom,” he said.