With Prime Minister Theresa May's Brexit plans up in the air, the world of business looks on disconcerted—banks especially are close to their point-of-no-return.

The head of the country's main business lobby group warned on Wednesday that the uncertainty around Brexit—now more than ever—looms over every aspect of corporate Britain. It affects hiring, construction and investment decisions across the country.

European Union citizens will leave the country, and companies will shift jobs and investments abroad if May doesn't chart a clear direction for the country soon, Confederation of British Industry President Paul Drechsler will say in a speech at the City of London Corporation, according to emailed extracts.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.