British railway commuters could face increased waiting time in the wake of Brexit.
The CEO of Deutsche Bahn, Germany’s state-owned railway operator said business would be significantly hit once Britain triggers article 50 and starts the leaving process as Britain is likely to see a fall in demand and experience delays in train services.
“Today you can travel from Germany or Poland to England via the Eurotunnel and send freight trains to Britain without any problems,” said Ruediger Grube in an interview with Bild am Sonntag, a German newspaper. “In future trains might have to wait at the border and that would cause train transport to become less competitive.”
As part of its Arriva international passenger transport business, Deutsche Bahn runs rail and bus services in Britain while its freight and logistical arm has a significant presence in Britain.
“What’s clear is that Brexit has a negative impact on our business,” said Grube. He went on to add that Deutsche Bahn is doing an analysis of various scenarios which impact its operations if Brexit were to happen.
He went on to note, that as a result of Brexit, the pound is likely to not only depreciate heavily but also Britain could bear witness to increased political upheaval as Scotland and Ireland may opt to stay with the EU. Its political scenario could deter foreign investors.
Categories: Economy & Finance, Geopolitics, Regulations & Legal, Strategy, Uncategorized
manageria.biz 
Leave a comment