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Business chief says delaying Brexit is an option for sanity

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AP London
Last Updated : Feb 27 2019 | 5:40 PM IST

Prime Minister Theresa May insisted Wednesday that Britain will leave the European Union on schedule next month, while the head of a major business organization said May's grudging decision to allow lawmakers to vote to delay Brexit provides an "option on sanity."
May stressed that she personally opposes extending the Brexit deadline, and said "the United Kingdom remains on course to leave the European Union with a deal" if lawmakers "hold their nerve."
Writing in the Daily Mail, May said talks with the EU about securing changes to the divorce deal to make it more palatable to Parliament have "begun to bear fruit."

British businesses also welcomed the prospect of a delay. They warn that without a deal, Britain risks a chaotic departure that could disrupt trade between the U.K. and the EU, its biggest trading partner Confederation of British Industry head Carolyn Fairbairn said neither business nor the government is ready to leave, and exiting without a deal would be "a wrecking ball on our economy."

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First Published: Feb 27 2019 | 5:40 PM IST

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