I always said that trade and industries will work out after-Brexit business. First signs are there; not as confident and positive as I expected but the German industry is preparing. Here a Reuters article which shows how important the UK market is for the German industry:

” In Europe’s biggest economy, companies are now preparing for the worst, including the imposition of tariffs and the risk of a loss of access to London financial markets. 


Foreign direct investments from both sides amount to some 140 billion euros and German companies employ roughly 400,000 people in the UK, according to BDI. 


A task force, established in early summer, is accelerating its work in regular meetings in Berlin, Lang said. It is expected to present conclusions in December and this could also help shape the position of Germany’s next coalition government.” 


Sources told Reuters in September that big players such as Airbus (AIR.PA) and Deutsche Bank (DBKGn.DE) were participants. 

Siemens, which employs more than 15,000 people in Britain including a wind-power joint venture Siemens Gamesa (SGREN.MC), said it was joining too. “Obviously we’re very interested in this whole endeavour,” a spokesman said.

Germany’s VDA automobile association, which represents major manufacturers such as BMW (BMWG.DE), is also involved, a VDA spokeswoman said.

The UK is the second-biggest export market for German car manufacturers with a value of nearly 29 billion euros (25.86 billion pounds). German carmakers and suppliers also employ roughly 9,000 people at 95 production sites in Britain.

The BDI and VDA did not name individual companies taking part in the task force meetings.”

These powerful companies will not allow Merkel, Macron, Juncker or Barnier to destroy this market. Mark my words. 


Theo R.