Henkel is a German MEP and former head of IBM in Europe who has just iterated what many German businesses fear but what for some reason EU leaders and British Remainers cannot bring themselves to contemplate.
If Britain were to withdraw from the EU without a trade deal, Henkel said over the weekend, the biggest loser in the medium to long-term would not be Britain – it would be Germany.
Exports of German cars to Britain have already plunged by 20 per cent – as big a plunge, Henkel noted, as during the economic crisis of 2008/09.
Source: Why the European Union NEEDS the UK much more than we need them, says ROSS CLARK
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