'Industry should plan for no-deal' after May's fresh commons defeat

Sterling volatility

Natalie Kenway
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Fresh Commons defeat for Theresa May
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Fresh Commons defeat for Theresa May

UK fund groups have been urged to prepare for a no-deal Brexit by the Investment Association, after UK Prime Minister Theresa May saw another Commons defeat yesterday evening, with MPs voted by 303 to 258 - a majority of 45 - against an updated deal.

Following the defeat, Chris Cummings, chief executive of the Investment Association, said: "Given the continued uncertainty that result brings, the industry has no option but to implement their long-established...

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