UK insurers say no-deal Brexit would be 'act of economic self-harm'

Delay would be preferable to leaving the EU without an agreement, says ABI

Britain's insurers are to warn that a no-deal Brexit would be an "unforgivable act of economic and social self-harm", arguing that a delay to the process would be preferable to leaving the EU without an agreement.

In the strongest warning on Brexit yet from the Association of British Insurers (ABI), the industry body's director general, Huw Evans, will say in a speech on Monday evening that "leaving the world's single biggest trading block overnight with nothing but WTO [World Trade Organization] rules to replace it " would be wholly inadequate and unprecedented".

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