UK, EU not ready for no-deal Brexit – CBI

The Confederation of British Industry (CBI) has warned that neither the UK nor the EU is ready for a no-deal Brexit on October the 31st .

CBI said while the UK’s preparations to date are welcome, the unprecedented nature of Brexit means some aspects cannot be mitigated.

It has published practical steps it says the UK, EU and firms can take.

A government spokesman said the UK has increased the pace of planning for no-deal.

The CBI had previously said leaving the EU with a deal was essential to protect the economy and jobs.

New prime minister Boris Johnson has made Michael Gove responsible for planning a no-deal Brexit.

Mr Gove says the UK government is currently working on the assumption of a no-deal Brexit.