The Confederation of British Industry has warned candidates for the leadership of Britain's Conservative Party that leaving the European Union without a deal would devastate the nation's economy.
In a letter to contenders vying to replace outgoing Prime Minister Theresa May, the group's head, Carolyn Fairbairn, warned that most firms would never be ready for a no-deal Brexit.
Fairbairn says smaller and medium-sized businesses in particular "cannot afford complex and costly contingency plans."
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