Tuesday, June 26, 2018

U.K. Plc Lashes Out at May on Brexit

Prime Minister Theresa May faces a new onslaught over her Brexit plans from corporate Britain, after the U.K.’s five main business lobbies urged her to make progress in the negotiations or risk losing jobs and investment.
After facing down a rebellion in her Conservative party over her flagship piece of Brexit legislation last week, the unrelenting pressure on the premier continues from all sides. U.K. Plc is warning that tens of thousands of jobs are at risk, and infighting in her cabinet over budget funds threatens May’s position. To cap it all, she’s due to attend a summit of European leaders at the end of the week after making scant progress during the past three months on the terms of rapidly-approaching divorce.

Business ratchets up pressure

Britain’s major business lobby groups used the second anniversary of the Brexit referendum on Saturday to tell May they’re “deeply concerned” that..
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