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with any disruption resulting from a brics it and the chief executive of industrial manufacturers siemens u.k. is imploring british lawmakers to unite around a compromise breck's a deal saying that the country's political chaos is making the u.k. a locking stock now which ever way you put it industry leaders here ah busy adding ob the cost of a west case scenario. a hard meaning a no deal brax it would take the e.u. into uncharted waters and hurt companies in the blocks biggest economy germany that's the forecast from the country's main industry federation the b d i it's a pity that the britons decided to leave but it's it's a fact we just do not have to comment so we have to take it so what we call for now is let us hope for an orderly break that. not give so much harm to the economy on both sides of the channel if it comes to a cliff edge scenario that would really be horrible what do the numbers say according to the b d i a hard bracks it would reduce german economic growth to just zero point seven percent for this year instead of its current prediction of one point two percent and it woul
with any disruption resulting from a brics it and the chief executive of industrial manufacturers siemens u.k. is imploring british lawmakers to unite around a compromise breck's a deal saying that the country's political chaos is making the u.k. a locking stock now which ever way you put it industry leaders here ah busy adding ob the cost of a west case scenario. a hard meaning a no deal brax it would take the e.u. into uncharted waters and hurt companies in the blocks biggest economy germany...
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mess and today a parliament and government faced a lot of criticism amongst them from the head of siemens u.k. who said that the government heads that the whole process indeed have turned the country into a lot of things stuck so it seems like the government is pretty much on face by that a government spokes person off to read some may said they understand the uncertainty of businesses and that they are trying very hard to bring forth the deal for a fourth time so as i say government is very and faced by this and rather focused on domestic political infighting at the moment so let's talk a little bit more about what is ahead today in parliament because we have another row another potentially indicative vote coming up what can we expect today. so parliament today is first of all debating a petition that reached over six million signatures that's the highest rate of signatures in british history and that petition is asking basically to revoke fifty so essentially to remain in the european union that doesn't have a lot of chance to go through but they are debating it and then later on they are g
mess and today a parliament and government faced a lot of criticism amongst them from the head of siemens u.k. who said that the government heads that the whole process indeed have turned the country into a lot of things stuck so it seems like the government is pretty much on face by that a government spokes person off to read some may said they understand the uncertainty of businesses and that they are trying very hard to bring forth the deal for a fourth time so as i say government is very...
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today we just heard from the chief executive of the industrial manufacturer siemens a german company he's a chief executive in the u.k. and he said all the political chaos in the u.k. is making the u.k. a lot of things stock we also know that b.m.w. mini in the u.k. has closed print stopped production for four weeks it is time that six months ago because the u.k. was supposed to be leaving the e.u. last friday and that hasn't happened so that's difficult for them we've also heard from the german industry federation the beady eye who are warning that actually a no deal breaker so no deal or two with the e.u. could harm germany it could cut it could hit job so very real concerns here and i think most of you can see i'm going to matt merkel the german chancellor play a more a launch a role a more prominent role in this she's going to dublin on thursday to meet with the irish prime minister leo veronica because that seems to be a big fear that perhaps island is not prepared enough for a no deal what would that mean for holland border between island and northern ireland and so we're beginning to see probably more of a pla
today we just heard from the chief executive of the industrial manufacturer siemens a german company he's a chief executive in the u.k. and he said all the political chaos in the u.k. is making the u.k. a lot of things stock we also know that b.m.w. mini in the u.k. has closed print stopped production for four weeks it is time that six months ago because the u.k. was supposed to be leaving the e.u. last friday and that hasn't happened so that's difficult for them we've also heard from the...
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Apr 2, 2019
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tom: a gentleman from siemens wrote a story about the need to get this fixed for eu and u.k.siness to get a solution? david: it is massive. the big impact on brexit uncertainty, nothing has changed fundamentally. what is bearing down on the economy is uncertainty and it has probably stripped about eight percentage points of growth since the referendum was announced. the u.k. economy looks like it has lost around 2% or 2.5% of gdp and most of that is on business investment. we need that relief. if we saw theresa may's deal pass through and you saw the u.k. enter an orderly transition exit, then we expect to see an uptick in business, something that spurs the bank of england. it is a huge if and it certainly does not look like the most likely outcome. if you see protracted uncertainty as we go through perhaps a 12 month extension or longer in the u.k. continues to bubble along with complete uncertainty. anna: you wonder at what point do they try to start and make decisions any way out of the limbo. the survey saying u.k. firms are the least likely to invest in eight years as br
tom: a gentleman from siemens wrote a story about the need to get this fixed for eu and u.k.siness to get a solution? david: it is massive. the big impact on brexit uncertainty, nothing has changed fundamentally. what is bearing down on the economy is uncertainty and it has probably stripped about eight percentage points of growth since the referendum was announced. the u.k. economy looks like it has lost around 2% or 2.5% of gdp and most of that is on business investment. we need that relief....