Brexit could cause a broad 'investor strike,' UBS chairman warns

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Brexit could cause a broad 'investor strike,' UBS chairman warns
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'You can see how investment in the UK has fallen off a cliff, and that is not good as a dynamic part of the economy,' UBS Chairman Axel Weber told CNBC.

on the withdrawal agreement negotiated by Prime Minister Boris Johnson.

. They could offer a technical extension of a few weeks in the hope of passing the recently-negotiated agreement with Johnson; they could agree to push the date back to January 31, opening the door to a U.K. general election and a potential second referendum; or they could refuse the extension request altogether, possibly triggering an economic crisis for both the U.K. and EU.

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