Government lobbyists, the Confederation of British Industry told the BBC Online, that a war would be ‘disastrous’ and said the dispute would cause uncertainty and destabilise and already fragile economy.
Doug Godden, head of economic analysis at the CBI said a peaceful resolution of the conflict was the best scenario.
The Federation of Small Business said it favoured the UN taking control of the situation. It also claimed that small businesses would be more adversely affected by the war, which it said, would hit consumer confidence and push up oil prices.
But the Institute of Directors, while being unwilling to comment on the politics of war, said a swift and short conflict would be desirable, if conflict was to happen.
UK trade unions have already come out against involvement in any conflict with Iraq.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements