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25%  
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  • One in ten German firms to cut UK investments before Brexit: survey

    03/28/2017 9:40:37 AM PDT · by Olog-hai · 11 replies
    TheLocal.de ^ | 28 March 2017 14:30 CEST+02:00 | AFP
    One in ten German firms present in Britain plans to stop investing in the island nation even before it definitively leaves the European Union, an industry group survey published on Tuesday found. German firms believe Brexit “will seriously damage business with the United Kingdom,” said Eric Schweitzer, president of the Association of German Chambers of Commerce and Industry (DIHK), which surveyed 2,200 internationally active companies. Some nine percent of firms who have invested in the UK plan to shift investments elsewhere, with Germany and the rest of the EU the top choices. Britain is the third-biggest export market for Germany...