CBI Sees May's Brexit Plan as 'Significant Progress'

The transcript discusses the Confederation of British Industry's (CBI) perspective on the Brexit deal proposed by the Prime Minister. It highlights the importance of avoiding a no-deal Brexit and the potential economic benefits of the deal, despite its imperfections. The CBI emphasizes the need for frictionless trade, a good deal for services, and a say in the rules. The possibility of extending the transition period is debated, with considerations for business impacts. Political uncertainties, such as a potential vote of no confidence, are also addressed, emphasizing the risks of an accidental no-deal Brexit.

What does the CBI believe would happen if the no deal option is taken off the table?

What concerns does the CBI have regarding the uncertainty of the final trade deal?

What are the three key things that businesses need from the final trade deal according to the CBI?

What are the reasons mentioned for possibly wanting a longer transition period?

How does the CBI view the potential impact of a no deal Brexit on businesses?