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Brexit deal essential to avoid looming cliff edge, say business groups
PA
13 December 2020, 4:59 pm
A Brexit deal with the EU is “essential” to help avoid the “looming cliff edge” of January 1, business groups have said.
British business chiefs have reacted with concern at the uncertainty over the current state of negotiations, pointing to a lack of clarity over tariffs, potentially higher food prices and the prospect of “significant job losses”.
Leaders have also called for a “grace period” and time for firms to adjust to either outcome in the new year.
The Confederation of British Industry (CBI), which represents 190,000 businesses, said a deal was both “essential and possible”.