Brexit Will Damage UK Businesses and Make Us Poorer

Angela Channing

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One in three European firms plans to cut investment spending as a result of Brexit and more than one-tenth of those with operations in Britain expects to pull out of the country entirely, according to a survey of 600 companies carried out by Swiss bank UBS.

Germany's Siemens and Airbus both said last week that a British withdrawal from the EU without a deal could threaten future investment and even their presence in the country, putting thousands of British jobs at risk. Today John Lewis added to the chorus of top businesses that have warned that Brexit will damage their ability to be successful.

Businesses failing to prosper mean less tax revenues and more job loses so the impact on the UK economy could be devastating.

What is our government response to the warnings from Big Business of the risk of chaos after Brexit? "F**k business" was Boris Johnson's response.

These clowns are in charge of our country?
 
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