The CBI have waded into the Tory leadership race with an entirely predictable open letter sent to all the candidates warning against the supposed horrors of a no-deal Brexit. They might as well just auto-schedule the same press release every three weeks. It’s only going to get worse when ultra-Remain fanatic Lord Bilimoria takes over as CBI President…

Not all business groups share their pessimism – now the London Chamber of Commerce and Industry has hit back at the CBI, with chief executive David Frost pointing out the obvious logical flaws with the CBI’s hardline position:

“It is all very well to insist the next Prime Minister must avoid Brexit on WTO terms and instead strike a deal with the EU. But no Prime Minister can actually guarantee that.

“That is because it isn’t just a UK decision: it’s also for the EU. That is why, as we have said, business needs to be confident that Government is still preparing for a No Deal Brexit and engaging fully with business organisations and individual firms.

“Although some of our members cannot prepare effectively, others can, and did so in the run up to 29 March. For them, it is the prolonged uncertainty that is damaging. So the new Conservative leader should aim to bring clarity as soon as possible.”

Business wants certainty on Brexit, not indecision…