BritishAmerican Business Responds to a ‘No-Deal’ Brexit Being Taken off of the Table

In response to tonight’s votes in the House of Commons, which saw The House reject a ‘No-Deal’ Brexit, Duncan Edwards, BAB CEO, said:

 

“The prospect of leaving the EU without a deal on 29 March has caused significant uncertainty to our members and has resulted in major irreversible expenditure. We welcome this narrow win in the commons, even though it is only advisory and the legal position remains that the UK is leaving the EU on March 29^th with or without a deal.

  

While this is a step in the right direction, it does not provide a solution and the certainty that business craves and, for this reason, we continue to support the Withdrawal Agreement as negotiated, including the transition period it provides. There is still time for this to be approved.

  

A vote tomorrow to extend Article 50 may give more time for an agreement to be reached but without new ideas from one side or another a breakthrough continues to feel distant.”

  

Contact: Dominic Parker, Communications Manager dparker@babinc.org | +44 20 7290 9882   +44 7500 115352

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About BritishAmerican Business

BritishAmerican Business (BAB) is an exclusive members’ organization; we create networking opportunities for our members, which often lead to business opportunities, through the events and programming that we run. As a policy and advocacy organization we are the voice of transatlantic business; we support policies and action that will protect and enhance the environment for trade and investment between the US and UK.

For more information, please visit www.babinc.org