UK CBI President to endorse May's Brexit deal
|John Allan, president of Britain’s most powerful employers’ body, the CBI, will use a speech on Monday at the CBI’s annual conference in London to say that Prime Minister May's Brexit deal avoids the wrecking ball that would be a no-deal departure, according to The Guardian.
Key quotes (Allan is expected to say)
We’re trying to reach a deal that respects the result of the referendum and minimizes damage to our economy. I know how hard it’s been to get to this point. In the five months, I’ve been president of the CBI, the team and I have met ambassadors, MPs, MEPs, heads of state.
And I know this: every single one of them has had to compromise in reaching that deal. While companies in this room would be the first to say that it is not perfect, it does open a route to a long-term trade arrangement and unlocks transition – the very least that companies need to prepare for Brexit. And most importantly, it avoids the wrecking ball that would be a no-deal departure.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.