In the worst case scenario, business losses caused by Brexit will amount to 58 billion pounds, with sectors such as “automotive”, “agriculture” and “food industry” expected to be the most affected. This is what Eva Maydell, MEP and President of the European International Movement, said at a conference on “Prepare for Brexit – Implications for European Business”.
Nearly 30% of the Bulgarian business expects negatives from Brexit because of their fears of possible trade restrictions, administrative procedures and new regulatory requirements. Their fears are largely due to the vagueness of what type of relationship the UK will seek to do with the EU, said Maydell. She expressed confidence that if they had timely information, Bulgarian business circles would be able to make the necessary changes in their business planning.
Overall, Brexit may adversely affect people and businesses to a varying extent, according to the outcome of the talks, and none of the scenarios can replace the benefits of Britain’s membership of the EU, Eva Maydell said.
“We must bear in mind all these consequences because Brexit creates insecurity and instability for many people and sectors,” Barnier said. “I voted for Britain’s accession to the Community and I never regret it because I think the union is making the strength,” said EU chief negotiator for the leaving Britain, Michel Barnier. He regretted Britain’s decision to leave the EU.