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CBI boss makes fresh plea to clear Brexit 'gridlock'

A business leader has made a fresh plea to politicians to resolve the Brexit
A business leader has made a fresh plea to politicians to resolve the Brexit "gridlock" to avoid further damage to the UK economy. (Victoria Jones/PA)

By Alan Jones

A business leader has made a fresh plea to politicians to resolve the Brexit "gridlock" to avoid further damage to the UK economy.

CBI president John Allan said the continued uncertainty was causing an "ever-growing cost", with £800bn of financial capital already moved out of the UK. The economy had suffered four successive quarters of falling investment, firms were stockpiling at record levels and production lines were closing, he said.

He is expected to tell the CBI's annual dinner in London: "I have a plea, from the heart of business, to the heart of politics - resolve this gridlock. Do whatever it takes and do it fast.

"The Prime Minister's decision to bring back the Withdrawal Bill in early June is one more opportunity for Parliament to resolve this mess," concluded the CBI president.

Belfast Telegraph

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