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IoD responds to announcement of draft Brexit deal

17 Oct 2019

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Responding to the Prime Minster’s announcement that UK and EU leaders have reached a draft agreement on Brexit, Jonathan Geldart, Director General of the Institute of Directors, said:

“Business leaders will feel guarded relief at the breakthrough in Brexit talks.

“Business, particularly in Northern Ireland, will want to examine the detail more fully before coming to a firm view, but they will be pleased that UK and EU leaders have made steps toward common ground.

“As MPs study the draft deal, they must keep firmly in mind the damage a disorderly exit could cause businesses large and small. A further extension offers no guarantees of avoiding this outcome, but if a passable deal is in touching distance then politicians on all sides should be pragmatic about giving us the time to get there.

“If the immediate choice is between leaving the EU in an orderly versus a disorderly manner, politicians must be mindful of the longer-term consequences their actions may bring to bear.”

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