A no-deal Brexit would cause GDP (gross domestic product) to shrink by up to 8 percent and put thousands of jobs at risk, according to the Confederation of British Industry's (CBI) head Carolyn Fairbairn.
The business body, therefore, is urging MPs to back Prime Minister May's deal.
Key quotes (Source: dailymail.co.uk, Guardian)
Next week, they [MPs] face a test. If they meet it with yet more brinkmanship, the whole country could face a no-deal, disorderly Brexit. The economic consequences would be profound, widespread and lasting. GDP would decline by up to 8%, meaning less money for our public services and those who rely on them.
Businesses would face new costs and tariffs. Our ports would be disrupted, separating firms from the parts they need to supply their customers.
If parliament does not agree with Mrs May then it must immediately outline its plan to avert a no deal and secure British jobs.
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.