The possibility of the UK leaving the EU without a deal has been a risk since 23rd June 2016. But EU policymakers must be in no doubt of how serious the consequences of no deal would be for the European economy and jobs across the continent.

The facts are clear: if the UK leaves the EU in a disorderly fashion it would result in disruption for businesses and families across Europe. Read the latest CBI analysis on no deal and the EU to understand why negotiators must do all they can to agree transitional arrangements as part of the Withdrawal Agreement as soon as possible.