Brexit chaos means business is 'staring down the precipice'

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Brexit chaos means business is 'staring down the precipice'
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Companies in the United Kingdom are suffering from a bad case of déjà vu after lawmakers rejected a second version of the Brexit deal negotiated by Prime Minister Theresa May

"Enough is enough," said Carolyn Fairbairn, director general of the Confederation of British Industry, a business lobby."It's time for parliament to stop this circus," she added, stressing that"jobs and livelihoods depend on it."The stunning defeat increases the chances that Britain will crash out of the European Union without a deal in just 17 days — doing big damage to the economy — or that Brexit will be delayed, prolonging the uncertainty for business.

Read MoreMcDonald's and KFC have warned that leaving without an agreement on March 29 would result in"significant" disruptions to their supply chains. Airbus has said it would be forced to redirect future investment if Britain crashes out of the European Union.The auto industry has already come under intense pressure.Nissan has scrapped plans to build a new model in the United Kingdom, citing uncertainty over Brexit.

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