British Prime Minister, Theresa May, who spent more than two years working out a deal with the European Union suffered a major Brexit vote defeat on Tuesday.
MPs voted by 432 votes to 202 to reject the deal, which sets out the terms of Britain's exit from the EU on 29 March.
North East England Chamber of Commerce vice president Richard Swart shared his personal views on the matter.
He says the UK leaving the EU would be a bad move for business.
Much of this was avoidable. I do think that what happened last night, history will judge us - the beginning of the end of the journey of self-harm that the UK has embarked on since March 2016.— Richard Swart, North East England Chamber of Commerce vice president
This government is entirely to blame for the chaos it has created.— Richard Swart, North East England Chamber of Commerce vice president
The consequences of a no deal - there was no assurances of fixing trades, so you then have tariffs and undermine the competitiveness of businesses, manufacturing and other sectors , which makes the UK a less appealing place to be in.— Richard Swart, North East England Chamber of Commerce vice president
To hear the rest of the conversation, listen below:
This article first appeared on CapeTalk : UK-based businessman blames UK government 'for the chaos created'