EU must move faster to prepare for no-deal Brexit risk - CBI

The European Union is less prepared for a no-deal Brexit than Britain, potentially leaving British firms at a disadvantage if there is no transition agreement and weakening London's hand in future trade talks, a British employers group said. "The combination of the EU and UK's different approaches creates an imbalance, where EU goods and services exports will have easier access to the UK than UK goods and services exports will to the EU," the CBI said in a report.

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