Sunday, 10 February 2019

No Deal Brexit risks losing Germany more than 100,000 jobs, report warns

A NO DEAL Brexit would put more than 100,000 jobs at stake in Germany, an influential report has predicted.

The study warned that a “disorderly Brexit” would hit the German economy the worst out of all 27 EU member states.

Angela MerkeThe German research sparked new hope that Angela Merkel will back Theresa May in changes to the Brexit dealAP:Associated Press

The country’s reliance on exporting cars and vehicle parts to the UK would jeapordise 15,000 jobs, scientists from the Leibniz Institute for Economic Research Halle and the Martin-Luther-University Halle-Wittenberg found.

The figures sparked fresh hope that German Chancellor Angela Merkel will come to Theresa May’s rescue. Traditionally she has been one of Britain’s closest EU allies.

Leading Brexiteers said the report proved why the PM must stand firm and carry through with her threat to leave without a deal in order to secure concessions from the EU.

If Britain leaves without a deal then trade with EU countries would be based on World Trade Organisation (WTO) rules.

That would mean car imports would incur a 10 per cent tariff when they crossed the UK-EU border.

The report warned: “In no other state is the effect on total employment as great as in...

Sun, 10 Feb 2019 23:04:15 +0000

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