Business leaders plead against 'hard' Brexit
A group of major business lobby groups have written an open letter urging the government to preserve barrier free trade with Europe.
The letter is signed by leaders of the CBI and manufacturers' body the EEF.
It says the way in which the UK leaves the EU and on what terms is critical for jobs and investment in the UK.
It says defaulting to trading by World Trade Organisation (WTO) rules would leave 90% of UK goods trade with the EU subject to new tariffs.
The letter says that would mean 20% in extra costs for the UK's food and drink industry and 10% for car producers.
These significant... read more
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