Brexit transition deal ‘urgent’: UK business

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AFP, London :
UK businesses feel a “growing sense of urgency” for a Brexit transition deal, the head of Britain’s largest business lobby group said on Monday.
“This is real, this is urgent and a transition agreement by the end of the year would help enormously to keep investment and jobs in the country,” Carolyn Fairbairn, director general of the Confederation of British Industry (CBI) said in comments to the BBC.
UK businesses are concerned that Britain’s planned exit from the European Union in March 2019 could involve an abrupt change in the trade relationship with the continent or a potential no-deal scenario involving heavy tariffs on exports and imports.
Brexit “is tomorrow for many firms and they are making plans now in response to what might be WTO rules which could mean tariffs on food,” Fairbairn told the BBC, calling for a “one-step transition deal”.
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