TheCityUK responds A50 extension vote result

Following this evening’s vote in Parliament, Miles Celic, Chief Executive Officer, TheCityUK, said:

Crashing out of the EU without a deal would be a reckless gamble, and both the UK and the EU have too much at stake. MPs have voted to extend Article 50 to avoid a no-deal Brexit - but this cannot be just a hollow postponement, it must deliver a deal. A constructive and practical way forward must be found in the coming days. The longer uncertainty persists, the more firms will move people, assets and investment out of the UK and this will undermine European competitiveness.”