Last week, the plug was finally pulled on seven wasted weeks of cross-party Brexit talks, leaving many in the business community disappointed, but few surprised. The CBI has been in close and regular contact with both sides of the negotiating table: last week Director-General Carolyn Fairbairn met with Labour leader Jeremy Corbyn and Labour’s negotiating team and senior Conservative figures urging compromise. However, the failure of the talks and the paralysing effect of uncertainty on the economy led the CBI to call for the May parliamentary recess to be cancelled and an urgent resolution to be found.
Both sides have been keen to emphasise to business that negotiations were undertaken in good faith and that they have sought compromise. And it was evident from our conversations that talks were detailed and engaged, with significant progress being made on a range of crucial issues including environmental standards, services trade and employment regulations. But as the w