Brexit “a complete shambles” and Government has failed business

A leading business figure has slammed Brexit and the Government’s handling of the negotiations.

Terry Sargeant, boss of ThyssenKrupp in UK, believes that Ministers are more focused on keeping their party together rather than ensuring that businesses are not harmed post-Brexit.

Mr Sargeant told The Guardian: “If you make a market more difficult than it is at the moment, then what is the attraction to the investor?

I do not see how we can continue doing business where supply chains are so interlinked with being part of the customs union.”

ThyssenKrupp is one of the largest steelmakers in the world and he warned of job cuts in the UK.

He said: “The impact of Brexit for multinationals is disruptive, and could lead to loss of business in Britain.

In Germany, people look at this and are aghast at what is happening. While in the UK we think about Brexit every minute of the day, in Germany, people think about it for 13 seconds before every quarter end or even trimester. We [as businesses] will make decisions based on ease of trade and attractiveness of the market environment.”

He also added a warning about future generations and how they could have a turbulent time in the job market due to a hostile business environment in Britain.

He said: “It’s not about me. I am 57 and will retire in a few years. 

I can retire to Spain. But I am from a working-class background and it is the working man who is going to be hit hardest. This is about the future generations. I am passionate that we do what we can to stop the damage, that is why I am speaking out.”

Kier Starmer insists Labour policy includes option of People’s Vote and Brexit can be stopped

Since you’re here …

Real, independent, investigative journalism is in alarming decline. It costs a lot to produce. Many publications facing an uncertain future can no longer afford to fund it. This means journalists are losing the ability to hold the rich and powerful to account.

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing.

Every penny we collect from donations supports vital investigative and independent journalism. You can also help us grow by inviting your friends to follow us on social media.

Donate Now Button

1 Response

Leave a Reply