Britain's Prime Minister Theresa May addresses delegates at the annual Confederation of British Industry (CBI) conference in east London, on November 6, 2017. / AFP / Daniel LEAL-OLIVAS
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British business leaders on Monday urged the government to provide more certainty on its Brexit strategy, warning that the collapse of negotiations with Brussels would be a "national emergency".Drechsler said that many companies have already activated emergency plans for a no-deal Brexit in which Britain would crash out of the EU when its two-year negotiating period elapses in March 2019 .Prime Minister Theresa May has called for a two-year transition period after Britain leaves the bloc and has said she wants current trade ties to remain virtually intact during that time.But she did not give a date for when this might happen and has previously said that a transition deal may depend on a partnership agreement on future Britain-EU trade ties being negotiated.US Commerce Secretary Wilbur Ross also struck a positive tone saying President Donald Trump was "very supportive" of a post-Brexit trade deal with Britain.Dreschler also highlighted the longer-term issues facing the British economy, irrespective of Brexit.
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