UK business chiefs unite to demand urgent Brexit transition deal

Five major lobby groups write letter to David Davis in latest sign of employers’ growing alarm about state of talks with EU

UK business leaders have united to urge David Davis to quickly establish a Brexit transition deal that mirrors existing arrangements or risk losing British jobs and investment.

In a letter to the Brexit secretary seen by the Guardian, five of the UK’s biggest business lobby groups said time was running out for the government to strike a transition deal before firms start to rein in spending plans as they finalise budgets for 2018 and prepare to implement contingency plans for Britain’s departure from the EU.

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