CBI – Brexit Extension Means Crisis Has Been Averted

12th April 2019

“This new extension means that an imminent economic crisis has been averted, but it needs to mark a fresh start,” said CBI Director-General Carolyn Fairbairn.

The Confederation of British Industry (CBI) welcomed the news that the deadline for Brexit had been extended until 31st October 2019 – or sooner, if an agreement is reached in Parliament – but warned that there could not simply be “more of the same.”

“This new extension means that an imminent economic crisis has been averted, but it needs to mark a fresh start,” said CBI Director-General Carolyn Fairbairn.

“More of the same will just mean more chaos this autumn. Businesses will today be adjusting their no deal plans, not cancelling them.”

In a statement to the House of Commons following the agreement on a deadline extension, UK Prime Minister Theresa May said she "profoundly" regretted her deal not being agreed to by MPs.

"The whole country is intensely frustrated that this process of leaving the European Union has not been completed," she said.

"The choices we face are stark and the timetable is clear. I believe we must now press on at pace with our efforts to reach a consensus on a deal that is in the national interest."

"Reaching an agreement will not be easy, because to be successful it will require both sides to make compromises.”

"But however challenging it may be politically, I profoundly believe that in this unique situation where the House is deadlocked, it is incumbent on both front benches to seek to work together to deliver what the British people voted for."


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