Article 5BMK7 Brexit will hit UK economy like a 'slow puncture'

Brexit will hit UK economy like a 'slow puncture'

by
Lisa O'Carroll Brexit correspondent
from Economics | The Guardian on (#5BMK7)

Former Siemens chief Juergen Maier says disruption will last at least six months even if trade deal is reached

Brexit will hit the British economy like a slow puncture", a leading industrialist has warned, with disruption to business to last at least six months even if a trade deal is reached.

Juergen Maier, the former chief executive of German electronics giant Siemens, warned that businesses were starting to shift parts of their operations to other countries in the EU while at the same time decrying the nationalist" headlines over the weekend claiming Angela Merkel wanted the UK to walk on broken glass" to secure a Brexit deal.

Related: Brexit stockpiling causing 10-mile tailbacks in Calais

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