CBI warns of ‘material uncertainty’ over future after sexual misconduct claims

In a statement released with annual accounts, business lobby group says it has had to deal with ‘exceptional costs’

The Confederation of British Industry has said it is suffering a “considerable level of financial stress” and there remains “material uncertainty” that it can continue operating in the long term after sexual misconduct allegations.

The scandal-hit business lobby group said it was “emerging from an unprecedented situation” that had led to “exceptional costs”, warning there was also “material uncertainty arising from the CBI’s financial performance since the year end”.