UK, European firms appeal against no-deal Brexit

Groups representing manufacturers in the U.K. and across the continent have appealed to European leaders to work with Britain to avoid a divorce from the bloc without a deal.

Make UK and sister organization Ceemet issued a joint letter to heads of state and chief negotiator Michel Barnier warning of economic shock in the event of a no-deal Brexit.

The groups say that while they recognize efforts have been made to address the chaos that a no-deal scenario would cause, “it must be clear that neither the EU nor the UK are ready, and as a consequence European industry is also not adequately prepared, for this cliff edge scenario.”

Prime Minister Theresa May travels to Brussels Wednesday to ask for another extension to Britain’s departure, until June 30. Britain is currently scheduled to leave the EU on Friday.