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