‘PREVENT hard Brexit’ – German business chief announces PLOT to keep UK shackled to EU

Mr Lang, Chief of the Federation of German Industries (BDI) – one of Germany’s most influential lobby groups – said a hard Brexit will be a “disaster” on both sides of the Channel.

With just days to go before the EU’s Brexit summit, Mr Land branded the deadlock between Brussels and London a “disturbing situation”.

Mr Lang said: “Europe must prevent a worst-case scenario Brexit – a separation of the United Kingdom from the European Union without exit and transitional arrangements and without clarification of the future relationship is still one of the possible variants – just a few days before the actual EU summit it’s a disturbing situation.

“Only with an agreement on the exit will the transitional period be achieved, in which the UK will continue to be in the Customs Union and in the single market until the end of 2020.

“This transitional period is indispensable for our companies.”

He added only in the transition period will it be possible to adapt to the many changes in the legal framework post-Brexit.

The scenario of no-deal is being talked about as a real possibility

It has been revealed the UK is preparing for a no-deal Brexit scenario, as well as governments on the continent, including France.

Pharmaceutical companies are said to be stockpiling vital medicines in case they are unable to be shipped into the UK should Britain leave without a deal.

Mr Lang goes on to claim that Brexit would be cause severed difficulty for businesses and workers on both sides of the channel.

He added: “A hard Brexit would be a disaster that would cause severe difficulties for tens of thousands of businesses and hundreds of thousands of workers on both sides of the Channel in Europe.

“German industry is committed to ensuring the integrity of the single market, and the cohesion of the EU-27 is a top priority for us in the economy.”

The next EU summit is fast approaching on October 17 is being viewed as crucial to a breakthrough in negotiations.

Mr Lang continued: “Otherwise, Europe runs the risk of slipping into a disorderly Brexit – a massive crisis would be the result.

“The prerequisite is that realism finally spreads in London, and the fear of the abyss must inspire the imagination.”

The UK only grew 1.1 percent in the first half of the year compared to the same period last year.

It was the second worst result in the EU and the last time it was that bad was during the crisis years 2009 to 2011.

A lot of European companies have already moved abroad in case of a hard-Brexit.

Additional reporting by Monika Pallenberg.