Manila, Jan. 16 -- British businesses urged the government to take an immediate action to introduce a "Plan B" after Prime Minister Theresa May's Brexit deal was rejected overwhelming in the Parliament on Tuesday night.

Catherine McGuinness, policy chair at the City of London Corporation, tweeted that "parliament's decision to reject the Government's deal means businesses across the UK will continue to face uncertainty."

"The Government must urgently set out its 'Plan B' to ensure we can secure a deal locking in a legally binding transition before 29 March," McGuinness said.

Carolyn Fairbairn, director general of the Confederation of British Industry (CBI), said "Every business will tonight feel no deal is hurtling closer. A new plan is ...