Brexit talks have made a “shocking” lack of progress which will hurt Britain’s economy over the coming months, the CE of BA owner, IAG, said in the company’s annual report on Tuesday. Britain is due to leave the EU on March 29, but PM Theresa May has not yet secured a deal that Britain’s parliament will accept. IAG CE Willie Walsh said this uncertainty was bad for the British economy. “I think it is inevitable that Brexit will have a greater impact in the months ahead. It has been quite shocking to get so far in the political process without having any real clarity about the future,” Walsh said in the firm’s annual report. “All the credible forecasts I’ve seen predict that Brexit will have a negative economic impact in the short to medium term that is likely to damage consumer confidence and act as a further drag on business investment.” However, IAG judged that even in a no-deal scenario, “Brexit will have no significant long-term impact on the group.” IAG Chairman Antonio Vazquez said the firm was confident it would be able to comply with relevant ownership and control rules after Brexit.<br/>