Next CEO plays down no-deal scenario

Lord Simon Wolfson has said that a no-deal Brexit would only bring about mild disurption. In a BBC Radio 4 Today programme broadcast he said that the back-up plans for no-deal and simplified procedures at customs and borders had reduced risks incuding delays in the supply chain.

"We are a long way from disorder and chaos, the fact that HMRC has introduced these transition methods will me an enormous difference," he said, adding: "I would stress that I woud much prefer a deal to no deal, but I am much less frightened by no deal if the government is preared, and there is every indication it's taking it more seriously."