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Sergio Jurgen Mayer: Brexit turns Britain into "laughingstock"



"Sufficient enough, we are all exhausting patience," Jürgen Mayer, CEO Siemens ( SIEGY ) The United Kingdom, told legislators in an open letter

Mayer stated, the ongoing uncertainty surrounding Brexit complicates investment in the United Kingdom, where the global engineering giant has 15,000 people and annually sells about 5 billion pounds sterling. The CEO stated in his letter that he "can no longer defend" the parliament's actions from his board, "hampering the receipt of support for finely balanced investment decisions" that affect jobs and the competitiveness of the UK.

UK lawmakers vote on alternatives to the divorce treaty Prime Minister Scale May, which they rejected three times. The deadline for the release ̵
1; delayed already once – less than two weeks. Union on April 12 without a transition that protects trade.

Dirty waste will lead to new tariffs, bureaucracy and other barriers in trade, which will be extremely harmful to many companies.

  & # 39; No way to manage the country & # 39; Disappointment with business through Brexit chaos more

The UK government has warned that a clandestine break will lead to a downturn in the economy before the recession. The Bank of England said that falling out of the most messy scenario would be worse than the financial crisis. A week if you can not, "said Mayer. Some have already turned their investments away because of continuing uncertainty.

  Brexit costs the UK economy 1 billion dollars a week. And this may worsen

The Bank of England says Brexit costs the British economy £ 800 million ($ 1 billion) a week, as uncertainty causes a decline in investment and prompts consumers [19659005ThecarmanufacturersandtradersassociationlastweeksaidthatthenumberofcarsproducedintheUKinFebruaryfellby15%comparedwithlastyearnineconsecutivemonthlydecline

Nissan ( NSANF ) called Brexit one of the reasons why he abolished his plans drive your new X-Trail SUV at its factory in Sunderland, England.

The Bank of England said that the UK economy is now 2% less than it would have been if the country voted against Brexit in the 2016 referendum, mainly due to Brexit's uncertainty.


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