EU Business Leaders Reduce UK Investment
Brexit has caused nearly half of large companies from the rest of the EU bloc to cut investment in Britain.
The survey created by law firm Baker & McKenzie also highlights that ¾ of bosses wanted Brussels to issue concessions to the UK in order to ensure a better trading relationship after Brexit kicks in in early 2019.
BDI industry group in Germany warned Britain that they are facing a very disorderly Brexit which could have extremely disastrous consequences.
Furthermore, Airbus have said that a withdrawal without any deal would push them to revisit its long-term position and put thousands of British jobs in jeopardy.
On the other hand, Theresa May’s spokeswoman said that the government was confident of receiving a good deal. Moreover, the Bank of England has also hinted at the EU for not doing enough to help avoid unprecedented disruption to the financial system after Brexit.