UK businesses urge Theresa May to seek three-year Brexit transition
British business leaders urged Prime Minister Theresa May to seek a three-year transitional period after Brexit, warning failure to secure more time would jeopardize "our collective prosperity." In a letter organized by the Confederation of British Industry, executives from 120 businesses with more than one million employees again warned of a so-called cliff edge in which Britain leaves the European Union in March 2019 without a new trade deal or enough time for companies to adjust. Signatories included representatives of Centrica Plc, Zurich Insurance Group Ltd., Johnson & Johnson and Harrods. "Our businesses need to make decisions now about investment and employment that will affect economic growth and jobs in the future," according to the letter. "Continuing uncertainty will adversely affect communities, employees, firms and our nations in the future." While May’s Cabinet seems to have struck an agreement to push for a transition, there remains disagreement over how long it shoul...
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