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Because of Brexit: mood in companies "tense and nervous"

2019-09-11T10:58:28.699Z

The continuing uncertainty surrounding Brexit is causing business problems, according to the UK Chamber of Commerce. Companies would struggle to make investment decisions.




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Companies are increasingly suffering from the unclear situation at Brexit. "The mood among companies is tense and nervous," said the president of the British Chamber of Commerce in Germany, Michael Schmidt. "Uncertainty is always bad for business, so Brexit is certainly an end to horror better than a never-ending horror."

However, a no-deal Brexit has significant disadvantages not only for the British, but also for the companies in the EU and especially for German companies. "Therefore, a shift from my point of view is quite appropriate - if you have the hope that then it comes to an agreement," Schmidt said with reference to a possible delay in the planned exit date.

The lower house in London had said goodbye to a compulsory break imposed by Prime Minister Boris Johnson. His plans for a new election before the planned withdrawal from the European Union on 31 October had burst, however.

A law forces the Prime Minister to request a Brexit shift if an agreement with the EU is not concluded in time for the planned exit date of October 31st. Johnson strictly rejects that.

Torn across the society

"The uncertainty has been going on for a very long time," said Schmidt. "And as it stands, it will continue for some time." The Chamber knew from discussions with companies that companies are having a hard time making investment decisions.

At the same time, Schmidt said he could not imagine that there would be substantial renegotiations on the EU-UK agreement. "The EU has always ruled that out and I can understand that - there have been signs of willingness to compromise in many places, so I have every sympathy for the EU to say:" here and now ".

In Britain, because of Brexit, there is a split across society, including individual families. "The whole country is divided, I do not know at the moment how the British want to overcome this split."

Source: spiegel

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