Thousands of jobs would be lost with a Canada-style Brexit deal, says CBI boss

Thousands of jobs would be lost with a Canada-style Brexit deal, says CBI boss

Monday, September 24, 2018

Thousands of jobs would be lost if the Government agreed to a Canada-style deal with the European Union, CBI director-general has said.

Carolyn Fairbairn told BBC Radio 4's Today programme: "A Canada free-style deal is not the answer for our country.

"It would introduce friction at borders, it would not solve the Irish border, it would damage the supply chains on which thousands and thousands of jobs depend.

"It's a seductive idea but it is not the answer for Britain."

She added: "It would be the first free trade deal in history that actually increased barriers to trade and did not reduce them."

 

‘You can have a fantastic Brexit’

This comes as Tory Brexiteers have launched an alternative Brexit plan, which urges the Government to seek a “basic” free trade agreement for goods.

Jacob Rees-Mogg made the demand at the event for a new Brexit blueprint by the free market Institute of Economic Affairs think tank.

The charity is calling on ministers to pursue "regulatory freedom and trade independence".

Mr Rees-Mogg, who leads the Tory backbench European Research Group, said: "So much of what hear about these negotiations has been about managing decline, has been about how you have the least bad Brexit, this is about how you can have a fantastic Brexit that sets us up for the next generation and ensures our prosperity.

"This has been offered to us by the Commission, they have offered us the best trade deal they have ever done with any country ever in the world, so if you want to call it Canada plus, or super Canada or supercalifragilisticexpialidocious Canada, that is what is being aimed and its being offered."