Hall: Siemens to stop investment if Britain leaves EU

The managing director of Siemens UK, which employs 13,000 people across the country, has warned that his company would stop investing in factories in the UK if it was not part of the EU. He added that leaving the EU would be “disastrous” for British manufacturers. This follows a poll last month which found that eight out of ten manufacturers want to remain in the EU.

Leader of the Liberal Democrat MEPs Fiona Hall commented:

“The message from business is loud and clear, it’s in Europe in work.

“Thousands of jobs are created each year by foreign investors who see Britain as a launch-pad into the world’s largest single market. Leaving the EU would mean losing that status and putting crucial jobs and investment at risk.” Continue reading