Brexit: "Now is the moment": Business is counting on Britain's return to the EU
Prime Minister Burnham is pushing for a restart with the EU, while British and German companies are holding back on investments, according to a survey. One EU plan could cause disputes.
British and German companies are holding back on investments due to uncertainty over the UK's future relationship with the EU. According to a survey by KPMG for the British Chamber of Commerce in Germany, almost two-thirds of over 100 surveyed companies plan no new investments this year, and about half have no plans for the next five years.
If the UK were to rejoin the EU, 85% of firms said it would positively impact their investment decisions. A UK government-EU Commission summit at the end of November may bring progress in trade relations.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
