Nearly half of top EU businesses cut UK investment

The Associated Press
The Associated Press

LONDON (AP) — A survey finds that almost half of European Union business leaders have cut U.K. investment since Britain voted to leave the European Union two years ago.

The report published Monday by law firm Baker McKenzie surveyed over 800 business leaders in six key EU countries.

It finds that despite European outrage over Brexit, 95 percent of companies in the countries surveyed say that the U.K. is important to their business.

Eric Lasry, a partner at the law firm, said that, “Ultimately, business people don’t want the relationship with the U.K. to break down completely.”

The survey finds that European businesses support a post-Brexit trade deal that is as close as possible, and three quarters say the EU should also make concessions to the U.K. to secure a functioning trading relationship.

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