Hard Brexit risks destroying UK's open economy, says CBI chief

Hard Brexit risks destroying UK's open economy, says CBI chief

The Guardian: Economics

Carolyn Fairbairn says businesses were appalled at plans to make companies publish how many foreigners they employ

Theresa May’s lurch to a “hard Brexit” stance on withdrawing from the European Union risks destroying Britain’s hopes of remaining an open economy, the head of the CBI has warned.

As the prime minister prepared for Brexit talks with the Dutch and Danish governments this week, the business body’s director-general, Carolyn Fairbairn, expressed alarm at the direction of government policies following the fiasco of attempts to get companies to list their foreign workers.

Related: We’re marching towards a mad Brexit. Someone must speak for the 48% | Jonathan Freedland

Related: Brexit fears lead large UK companies to plan lower investment

Continue reading...
view The Guardian: Economics