UK business backs May's Brexit deal but plans for the worst [Reuters (UK)]
Diageo plc (DEO)
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diageo.com/en/investors
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Source: Reuters
UK business backs May's Brexit deal but plans for the worst | Reuters 4 Min Read LONDON (Reuters) - UK business lined up to help Prime Minister Theresa May sell her draft Brexit agreement but continued to plan for Britain to crash out of the European Union without a deal as May fought for her political survival on Friday. “This agreement is only a draft,” Chief Executive Warren East told BBC radio on Friday. “We are going to continue with our contingency plans and that includes buffer stocks so that we have all the logistical capacity that we need to carry on running our business.” Manufacturers like Rolls-Royce fear that new customs duties and red tape that would kick in if Britain leaves the European Union without a deal on March 29 would kill the just-in-time delivery of thousands of parts on which they depend. May’s spokeswoman pointed to “strong support from the business community” as her office released statements from a number of major companies, including Diageo ( DGE.L ), t
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