16th Jan 2019 07:01
LONDON (Alliance News) - Sky News reported Wednesday the executives of several large companies operating in the UK "rounded" on the government following Prime Minister Theresa May's Brexit deal defeat in the House of Commons.
In a conference call held after Tuesday's vote, Sky said the bosses of Balfour Beatty PLC, Tesco PLC and Amazon.com Inc's UK operations told cabinet ministers that "protracted Brexit uncertainty was damaging Britain's ?economy".
During the call, UK Chancellor Philip Hammond and Business Secretary Greg Clark were asked for reassurance over the likelihood of the UK leaving the EU with no deal.
Sky reported Tesco Chair John Allan urged ministers to provide clarity after Brexit Secretary Steve Barclay said that retaining the option of no-deal ?was necessary to protect the government's bargaining power with Brussels. Allan accused the government of "conflicting messages".
Balfour Beatty Chief Executive Officer Leo Quinn said: "I would like to know when we might get back to a normal functioning government. Decisions are being delayed on HS2, new nuclear, Heathrow expansion.
"The enemy of business is delay and procrastination, and the construction industry will face large-scale restructuring where it cannot carry the resources it will need over the next 25 years, and capability will have to be let go.
"Once resources are lost to industry it is very difficult to get them to come back; the next six months are critical."
https://news.sky.com/story/bosses-round-on-ministers-after-may-defeat-11608495
Shares in Balfour Beatty closed down 0.1% on Tuesday at 266.00 pence each. Tesco closed the session 0.1% lower at 218.10p.
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