Companies cry out for Brexit clarity, warn on no-deal

British lawmakers rejected on Tuesday a Brexit agreement that would have secured tariff-free trade and safeguarded the just-in-time cross-border supply chains on which many manufacturers and retailers depend, risking the country’s disorderly departure from the bloc on March 29.Companies ranging from Channel Tunnel operator Eurotunnel to Scotch whisky distillers were unanimous in calling for urgent and decisive action by the British government and warning of the consequences of a no-deal Brexit.

“The distortions would be too great for trade, financing conditions and investor confidence,” said Deutsche Bank Chief Executive Christian Sewing at an event in Berlin, predicting a disorderly Brexit would plunge Britain into recession for at least two years and lop a half percentage point …