Posted by AdviserDirect on 04/03/2019

UK risks 'trashing relationship' with Europe, says Siemens boss

UK risks 'trashing relationship' with Europe, says Siemens boss

Britain is at risk of "trashing its fabulous relationship" with the rest of Europe because of its failure to secure a Brexit deal, a top businessman says.

Jurgen Maier, the UK chief executive of Siemens, told the BBC's Today programme: "We are at a point of crisis right at this moment in time.

"We need to find a way forward so we can re-establish that trust to give us the confidence to invest here again."

Confidence in Britain would return once the situation was resolved, he added.

Mr Maier said: "If I was going to go to my board today and say here is another factory that I want to open for a major infrastructure project in the UK, I can tell you that with this turmoil right now, we would not be putting that over the line.

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