The British Chamber of Commerce in Spain has sent an open letter to the UK's ambassador in Madrid, Simon Manley, setting out its views on the next stages of the fraught Brexit negotiations.
In the letter, the president of the chamber, Christopher Dottie, outlined why this group, representing companies with links to the two countries, was set against a possible no-deal scenario.
"Leaving the EU without a deal would cause unimaginable difficulties for our member companies with clear, severely negative impacts for society in both the UK and Spain. This scenario being a potential reality within a few weeks is naturally affecting investment decisions," outlined Dottie.
He added that there were only two choices, in the group's view; either call another referendum or seek a close economic alliance with the EU.