Threats from London are harmful and will come back like a boomerang

Reacting to the decision of the British Conservative Party to appoint Boris Johnson as party leader, BDI Director General Joachim Lang says that the economy urgently needs a UK government that makes feasible decisions.

"The economy urgently needs a UK government that makes feasible decisions. Threats from London that the United Kingdom could leave the EU without an agreement are harmful and will come back like a boomerang. They increase the damage already suffered in the economy.

The future prime minister must work for an orderly transition. The withdrawal agreement must not be renegotiated. It stands for the least possible friction in trade, stability at the external borders and for security in workers' issues.

One thing must be clear: the parameters for all participants will worsen after Brexit. If the future government in London is setting the wrong course now, serious damage to trade and investments on the island can occur very quickly.

The risk of a hard Brexit remains very high. Even if it is painful for companies, a sound preparation remains the order of the day. This is the only way to keep the consequences in check."

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