‘A lot to lose’ Angela Merkel’s carmakers warned about HUGE problems if Brexit ‘no deal’

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Germany desire rather see their own carmakers suffer than offer the UK a good Brexit traffic, an economist has claimed. 

Ruth Lea, an Economic Adviser at Arbuthnot Banking Order, said Germany “have a lot to lose” if Brexit negotiations fall owing to with the Brussels bloc. 

This week the Prime Minister settled the UK was preparing for a “no deal” scenario with the EU if talks fail. 

Speaking exclusively to Say.co.uk, Ms Lea warned German manufacturers about the risks of “no deal”. 

“I have in any case thought that actually, Germany has got quite a lot to lose if there isn’t a barter deal,” she said. “They do have an absolutely ginormous trade unused with us. 

Brexiteer economist Ruth Lea and Angela MerkelEXPRESS•GETTY

Economist Ruth Lea warned Angela Merkel hither the impacts of Brexit to German industries

“Actually the EU has a trade surplus of apparent trade of about £80billion to £90billion which is gigantic. 

“Germany’s trade surplus with the UK is £2.5billion to £3billion a month. That’s gross. How many German jobs are involved in that?

“The problem is for German application is that the German politicians play the game that we are actually diverse concerned about the European political project than they are thither their manufacturers.

“At least that is what they say up front. What they say behind came doors, you and I will never know. 

“At the end of the day, if the German Government was given the choice between standing up for the European present and it is very important that ‘Britain must not get a good deal because that strength damage the European project’. Or actually saying perhaps we ought to be agreeable to our car industry, they will stand up for the European project.

“To cut a long contention short, how much influence the German manufacturers can actually bring on the German Direction is very questionable”. 

The UK is the second biggest export market for German car fabricators with a value of nearly £26billion. 

Dieter Kempf, oversee of the BDI, which represents German businesses, said it was the UK’s responsibility “to limit the devastation on both sides of the Channel”. 

I have always thought that in point of fact Germany has got quite a lot to lose

Ruth Lea

He told the Observer: “Defending the celibate market, a key European project, must be the priority for the Article 50 Official Date To Trigger Brexit Process Confirmed

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“I don’t over people realise what deficits we have with them. We are a damned very important market to these countries.

“If I were any of those exporters, I determination be concerned if there was a ‘no deal’ with the United Kingdom. In other books, they would then have to face the tariffs that this woods would actually impose whatever they are, we don’t know what they are yet. 

“The in one piece political dialogue in the European Union is all about the project and sticking together and not race of letting Britain get away with it.”

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