By Tony Winterburn • Published: 26 Oct 2020 • 23:41
Merkel and Macron are calling for EU action on the Delta variant. Image: Twitter
The staggering cost of a ‘NO DEAL BREXIT’ for Emmanuel Macron and Angela Merkel has been revealed by a new report.
A new report reveals that France and Germany are set for a whopping €11.98 billion (£10.7 billion) bill unless the European Union can secure a Brexit deal with Britain.
The bloc’s two largest economies would have to shoulder the burden of a €33.6 billion (£30 billion) loss in trade with the UK in a no-deal scenario according to the new report. German insurance giants Allianz have revealed potential slumps in business for car-makers, chemical producers and other manufacturers across the bloc if chief negotiator Michel Barnier refuses to budge in the wrangling over a post-Brexit trade deal.
The report urges EU leaders, such as Germany’s Angela Merkel and France’s Emmanuel Macron, to agree to a compromise to prevent a loss of €33.6 billion (£30 billion) in the bloc’s exports to the UK because of the introduction of trade tariffs. It seems like Boris Johnsons delay tactics seem to be working- the UK could indeed come out on top after all. TW
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Who writes these stories!! This cost is nothing compared to the true staggering cost of Brexit for what is left of the UK. Germany and France will bounce back whilst the Uk continues to contract for another decade or more.. just to get back to where they were in 2016. Bon Chance France!
i wish that were true Mitchell , But the facts are simple .yes the uk will lose out, but germany and france have a very large car and truck export market to the uk, and if you take a large part of it away .the top slice could be the profit that keeps them in profit.
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