UK government must provide Brexit clarity to avoid further damage: German bank body

A Union Jack flag is seen on the desk of a MEP ahead of a debate on BREXIT at the European Parliament in Strasbourg
A Union Jack flag is seen on the desk of a Member of the European Parliament ahead of a debate on BREXIT after the vote on british Prime Minister Theresa May’s Brexit deal, at the European Parliament in Strasbourg, France, January 16, 2019. REUTERS/Vincent Kessler

January 16, 2019

BERLIN (Reuters) – The British economy will likely slow due to uncertainty over Brexit and that will negatively impact the German economy, Germany’s cooperative banking association said, urging London to provide clarity to avoid further damage for trade and the economy.

From an economic perspective, the best solution would be for Britain to unilaterally withdraw its Brexit declaration, the BVR said on Wednesday after the British parliament rejected the Brexit deal negotiated with the European Union.

(Reporting by Michelle Martin, editing by Thomas Escritt)

Source link