Brexit Should Not Distract From Challenges Facing UK Retail Sector: Lord Price
The former head of UK retailer Waitrose, Lord Mark Price, has told the Checkout Conference that the ongoing Brexit negotiations are a "bit of a deflection" from the challenges facing the UK retail sector over the coming years.
Speaking at the conference, which took place in Dublin, Price said of Brexit, "There's no majority in Parliament for [a] no-deal [Brexit]. There's no majority in Parliament to do the whole thing again, so the only thing there is a majority for is to find a deal."
He said that his "instinct" was that while a deal will be found, the transition period by which the UK formally exits the European Union will likely take longer than the year and a half currently indicated.
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