With Prime Minister Theresa May's Brexit plans up in the air, the world of business looks on disconcerted—banks especially are close to their point-of-no-return.

The head of the country's main business lobby group warned on Wednesday that the uncertainty around Brexit—now more than ever—looms over every aspect of corporate Britain. It affects hiring, construction and investment decisions across the country.

European Union citizens will leave the country, and companies will shift jobs and investments abroad if May doesn't chart a clear direction for the country soon, Confederation of British Industry President Paul Drechsler will say in a speech at the City of London Corporation, according to emailed extracts.

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