Carolyn Fairbairn

The Confederation of British Industry has written to Tory leadership candidates warning them of the damaging consequences of a no deal Brexit.

European Commission President Jean-Claude Junker has ruled another short extension and Yvette Cooper’s new legislation have torpedoed Theresa May’s strategy for a rapid, pre-European election Brexit.

The UK Parliament has voted to reject a no deal Brexit, but business leaders have criticised the Government’s announcement for tariffs on trade if a Britain leaves without an agreement.