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Brexit and elections in the UK: German economy considers Johnson the "lesser evil"

2019-11-11T05:14:03.432Z


The Brexit and Boris Johnson - a risk. However, according to the German-British Chamber of Commerce, the local economy can live better here than with the plans of Labor leader Jeremy Corbyn.



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Despite their criticism of British Prime Minister Boris Johnson's Brexit plans, the German economy prefers the conservative incumbent in the general election. "It's a balancing of the 'lesser evil'," said Ulrich Hoppe, Managing Director of the German-British Chamber of Commerce (AHK) in London, the German Press Agency. Reason are the economic policy projects of the largest opposition party Labor of Jeremy Corbyn.

"The economy is critical of the plans of a government Corbyn," said Hoppe. "Due to the announced nationalization and redistribution incentives disappear, thus weakening economic power," said Hoppe. "This means that many consumers in the medium term certainly have less money in their pockets to buy goods - and of course suffer from the German companies that serve the market."

Because of British suffrage, it is likely that either Johnson's Conservative or Labor will post the Prime Minister after the vote. Among other things, the Social Democrats want to raise taxes for the wealthy and businesses, as well as oblige larger companies to park ten percent of their shares in a fund from which employees receive dividends.

It was also unclear how the economic environment would be shaped under a Labor government, Hoppe said with a view to announcements such as a four-day week. "Is it then still competitive to produce here?" German companies will then consider, "said Hoppe.

Unpredictable choice for decades

Boris Johnson is leading the polls right now - his conservatives have picked up on voters' favor. However, researchers have spoken of the most unpredictable election in the UK for decades - after nearly half of the voters have already moved between the parties in the three elections between 2010 and 2017. In the dispute over the Brexit, which determines this election, dozens of MPs have already announced they will not compete in the upcoming vote. Among them are 36 Tories and 18 Labor politicians. All in all about 60 deputies do not want to continue - about every eleventh parliamentarian in the lower house.

Former House spokesman John Bercow sharply condemned Britain's plans to leave the EU last week. "I think that Brexit is the biggest postwar foreign policy mistake, and that is my honest opinion," he told journalists in London. Bercow said Brexit will not have a positive impact on Britain's international reputation. "My honest answer is that I do not think that will help the UK."

Source: spiegel

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