ALSO READGerman economy likely to grow by around 2.25 percent in 2018 - BDI British government analysis says UK to be worse off outside EU - BuzzFeed Defiant British PM rejects criticism of Brexit plan Trade deal with Britain must prevent unfair tax, labour competition - EU British companies' marketing budgets grow at slowest rate in two years - survey
BERLIN (Reuters) - Britain must agree to an implementation phase based on the status quo for its transition from the EU, otherwise German companies will be forced to implement 'worst case' contingency plans, the BDI industry association said on Tuesday.
"We demand a basic decision on this from the EU and British government at the European Council meeting. Otherwise, some companies will be forced to implement emergency plans for a worst case scenario which noone wants and which will hurt everyone," said BDI Managing Director Joachim Lang.
German firms would prefer a deep form of integration between Britain the EU after Brexit, ideally Britain would stay in the customs union and single market, said the BDI, but the British government has rejected this.
(Reporting by Michael Nienaber; Writing by Madeline Chambers)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)