Article 4GCKD No-deal Brexit would be economic lunacy, say UK manufacturers

No-deal Brexit would be economic lunacy, say UK manufacturers

by
Jasper Jolly
from on (#4GCKD)

Some in Tory leadership race ready to go against warnings of major business lobby groups

Britain's biggest manufacturing organisation has described the prospect of the UK leaving the EU without a deal as "economic lunacy" amid a slump in business investment intentions.

Multiple candidates to replace Theresa May as Conservative party leader and prime minister have said they would push for Brexit on 31 October, whether or not a deal has been agreed - against the warnings of every major business lobby group.

Related: UK factory output shrinks on back of Brexit uncertainty

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