CBI takes legal advice on insolvency

THE Confederation of British Industry has sought legal advice on possible insolvency as it faces an existential crisis after sexual harassment claims.

An unnamed law firm has been hired to give advice to the lobby group, ahead of a make or break vote on its future this month.

The group, which claimed to represent 190,000 businesses, has been engulfed in a scandal after allegations of rape and inappropriate touching. Major firms including Aviva and John Lewis have left as a result.

A CBI spokesman said last night the group ‘will need to be smaller and refocused in the future’. The lawyers’ proposals will be put to a member vote.