A no-deal Brexit cannot be “managed” and is “certainly not desirable,” said Carolyn Fairbairn, Confederation of British Industry director general, as business leaders expressed frustration over the continued political impasse.
“The responsibility to ensure an orderly exit is now in Parliament’s hands. Each MP is democratically chosen to safeguard the security and prosperity of our country. And next week they 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,” Fairbairn told a business audience in Bristol January 11…
My news story for Tax Notes (paywall), published January 12:
Other stories published in week of January 7: