No deal better than uncertainty, says head of German industry

By Daniel Boffey in Brussels

Dieter Kempf says two-month Brexit delay would be ‘bad for economy’

The head of the German federation of industries has claimed the British are “lost” and thrown doubt on Berlin’s backing for a short Brexit extension, claiming an “economy can live better with bad conditions than with uncertainty”.

Dieter Kempf, chairman of the Bundesverbandes der Deutschen Industrie, said the the 100,000 companies he represents and their 8 million employees have prepared for a no deal scenario in March, not in May.

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