Nearly half of top EU businesses cut UK investment

By iNFOTEL
June 25 2018 01:53 AM

CP324523539 — In this photo taken Wednesday, June 20, 2018, an anti-Brexit, pro-EU supporter holds an EU flag and a placard during a protest backdropped by the Houses of Parliament in London. The divisions opened up by the 2016 referendum have not healed, but hardened, splitting Britain into two camps: leavers and remainers. Almost the only thing the two groups share is pessimism about the way Brexit is going. (AP Photo/Matt Dunham)

LONDON – A survey finds that almost half of European Union business leaders have cut U.K. investment since Britain voted to leave the European Union two years ago.

The report published Monday by law firm Baker McKenzie surveyed over 800 business leaders in six key EU countries.

It finds that despite European outrage over Brexit, 95 per cent of companies in the countries surveyed say that the U.K. is important to their business.

Eric Lasry, a partner at the law firm, said that, “Ultimately, business people don’t want the relationship with the U.K. to break down completely.”

The survey finds that European businesses support a post-Brexit trade deal that is as close as possible, and three quarters say the EU should also make concessions to the U.K. to secure a functioning trading relationship.

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