UPDATE 3-UK business backs May's Brexit deal but plans for the worst [Reuters (UK)]
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Source: Reuters
UPDATE 3-UK business backs May's Brexit deal but plans for the worst | Reuters 4 Min Read * Rolls Royce continues with contingency plans * Airbus says no-deal Brexit is baseline scenario -memo * UK market may be “uninvestable” -Bernstein (Adds Airbus, updates markets) By Kate Holton and Tim Hepher LONDON/PARIS Nov 16 (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,” Rolls Royce Chief Executive Warren East told BBC radio. “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.” Europe’s largest aerospace group, Airbus, is working on the assumption of a no-deal Brexit, according to a staff memo seen by Reuters. “For the teams working on preparing for Br
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