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Economics and unions say Britain is in a "national emergency"



Top representatives of the Confederation of British Industry and the Trades Union Congress said on Thursday that Britain faces a "national emergency" when politicians allow the country to crash from the European Union without a transitional agreement to protect trade.

"Businesses in the UK are not prepared for this outcome, and the shock to our economy will be felt by future generations," wrote CBI chief Carolyn Fairbairn and TUC chief Frances O & #; grady in a letter to May.

British unions and business lobbies rarely speak with one voice, but they are united by fears that disorderly Brexit could destroy the economy. That could happen in just eight days.

"We can not overestimate the severity of this crisis for businesses and workers," warned Fairbairn and O "Grady the Prime Minister.

  British politicians advised to take home taxis in the face of fears Violence against Brexit

They urged May to postpone the Brexit deadline after March 29. They also recommended that the Prime Minister give up the agreement with the European Union – rejected twice by the British Parliament – and start over.

May calls on the European Union to postpone Brexit until 30 June. EU officials have indicated that they may be willing to accept a short delay if May can enforce their deal through the UK Parliament next week. If this is not the case, chances are that the country will fall out of the block.
  Prime Minister Theresa May calls on the European Union to postpone Brexit.

A disorderly exit would lead to new costs and trade barriers for UK companies. The Bank of England has said the impact of this scenario would be worse than the 2008 financial crisis.

Companies have been taking risks for months.

McDonald's ( MCD ) and KFC ( YUM to warn themselves outside the European Union would disrupt the supply.
The automakers cancel planned investments and prepare the decommissioning of factories. Airbus ( EADSF ) says it would be forced to forfeit future investment

Banks and other financial firms are moving assets worth at least £ 1 trillion ($ 1.3 trillion) out of the country.


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