German ambassador says Brexit impact varies for small and large firms ...Middle East

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LONDON: Three years after Brexit, the consequences of Britain’s exit from the European Union continue to concern the economy on both sides of the English Channel.Germany’s ambassador to Britain, Miguel Berger, told dpa that smaller companies have borne the brunt of Brexit, while larger firms have been able to cope in general. “The main victims of Brexit are smaller companies, many of which have given up,“ Berger said. “For large companies, it’s a certain cost factor, but they have learned to deal with it,“ he stated.Bilateral trade is estimated to have fallen by 10 per cent to 15 per cent, and Britain, which left the EU at the end of January 2020, is no longer in the top 10 of Germany’s trad

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