Brace yourself for Brexit disagreement, say German business groups
BERLIN (Reuters) - German business groups have urged members to intensify preparations for a tough Brexit, which predicts the United Kingdom will leave the European Union ...
BERLIN (Reuters) - German business groups have urged members to intensify preparations for a tough Brexit, which predicts the United Kingdom will leave the European Union next year without negotiating a deal.British Prime Minister Theresa May last week secured a cabinet deal for a "business friendly" proposal to leave the EU to stimulate Brexit negotiations.But the hard-won compromise has been criticized by its Conservative Party, and it may also not thrive on EU negotiators."Even if the British government is moving now, companies must plan the scenario in which there is no deal," Joachim Lang, managing director of BDI, Germany's largest industry lobby, told Welt am Sonntag.Thilo Brodtmann, director of the VDMA engineering association, told the same newspaper: "It is urgent to prepare for Brexit and to expect the worst case scenario."German industry is concerned about rising friction in trade with the UK after Brexit.The United Kingdom is the second largest export market f...
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