Bloomberg: EU businesses want to see Britain punished for Brexit

Published June 25, 2018 at 4:57 pm

A demonstrator has the colours of the EU flag on his face during the People's March demanding a People's Vote on the final Brexit deal, in central London on June 23, 2018, the second anniversary of the 2016 referendum. Tens of thousands of people demonstrated in London on Saturday calling for a second vote on Britain's departure from the European Union.

Photo by AFP

British businesses aren’t the only ones unhappy with the state of Brexit negotiations. Companies in the rest of the European Union aren’t thrilled either.

Exactly two years after the referendum, nearly half of 800 executives surveyed across six EU countries by law firm Baker McKenzie said their businesses had reduced investment in the U.K. since the Brexit vote, according to a report published June 25. While 75 percent said the EU should make concessions to the U.K. to secure a better trade deal for their businesses, more than a third also wanted to see Britain punished.