Shocker! Siemens Stays After All

siemsns

Siemens was splashed all over the papers this morning with an announcement from CEO Joe Kaeser that ze German mega-corp was “here to stay.” During the referendum campaign, Siemens was one of the most high-profile companies to back Remain. They even threatened to leave Britain, claiming:

“This uncertainty, and threat of increased costs, could make the UK a less attractive place to do business and may become a factor when Siemens is considering future investment here.”

Did anyone swallow Siemens’ spin?

Today their CEO says with his tail between his legs: “We never said the UK is in bad shape if it leaves the EU”. Another Project Fear porky doesn’t come true…




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Quote of the Day

European Parliament President Martin Schulz…

“I consider it to be very possible that the Brits will know exactly what they want at the start of negotiations, but that Europe still won’t be able to speak with a single voice…”

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