John Allan feels the proposal avoids the ‘wrecking ball’ of no deal

The president of Britain’s most powerful employers’ body, the CBI, is to endorse Theresa May’s draft European Union withdrawal agreement, arguing that while not perfect it opens “a route to a long-term trade arrangement”.

Joining a growing chorus of business leaders warning that a cliff-edge Brexit could be calamitous for the UK economy, John Allan will use a speech on Monday at the CBI’s annual conference in London to warn that Brexit turmoil is “damaging our country now”.

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