LONDON, March 12 -- British business leaders called for taking the no-deal option off the table to minimize disruption to the economy, after the UK parliament voted down Prime Minister Theresa May's revised Brexit deal on Tuesday evening.
Members of Parliament (MPs) voted 391-242 against the revised deal reached between the British government and the European Union in last-ditch talks in Strasbourg, France on Monday. It was the second heavy defeat for the Brexit deal since it was rejected by a margin of 230 in January.
Carolyn Fairbairn, Director-General of Confederation of British Industry, said: "Extending Article 50 to close the door on a March no-deal is now urgent. It should be as short as realistically possible and backed by a clear plan. Conservatives must consign their red lines to history, while Labour must come to the table with a genuine commitment to solutions."
"It's time for Parliament to stop this circus," she said.
Miles Celic, Chief Executive Officer of TheCityUK, said: "We need a rapid agreement on the way forward to protect customers and jobs. This is a vital part of keeping the UK at the top of the global premier league of international financial centers - something that is in the interests of customers at home and across Europe."
"Parliament must demonstrate that it will heed these repeated warnings. It is profoundly obvious that neither government nor many businesses are ready for a disorderly exit - and this must not be allowed to happen on March 29th, whether by default or by design," said Adam Marshall, Director General of the British Chambers of Commerce.
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