Dr Julia Reid MEP welcomes the news that the boss of Europe’s biggest manufacturing company has confirmed his commitment to the UK.   The German engineering firm, which generated €79.64bn in revenue last year, is considered to be a prominent investor in London and has had a presence in the UK for 167 years.  Currently, Siemens employs more than 15,000 people in Britain, many of whom are in Poole and Chippenham.

Joe Kaeser, the chief executive of Siemens, has told Sky News that he still sees the UK as one of the “two most powerful economic environments in Europe”, along with Germany. He also said that he foresees “big opportunities in the UK”.

Recently the engineering giant invested more than £300m into a renewable energy project in Hull; and although Siemens backed the Remain campaign before the referendum, Mr Kaeser has said that his company is “willing to invest further”. He added, “there are more opportunities than risks for us.”

In response to this, Dr Julia Reid MEP said: “I’m very pleased to hear that Siemens is committed to the UK, especially as it substantiates my position during the referendum campaign.

“On numerous occasions throughout the campaign I said that leaving the European Union would not have a detrimental impact on our science & technology industries.”

“Whilst the Remain campaign used Project Fear to scare voters into opting to stay in the EU, which ultimately influenced how some people voted”.

“They claimed that Brexit would cause a recession, that we’d see at least 500,000 job losses, when in reality unemployment in this country is now at an all-time low”.

Although many of those who supported the Remain campaign are still desperately trying to keep Project Fear alive, more and more people are beginning to see through their sinister charade and are now finally starting to realise that there was nothing to be afraid of in the first place”.

According to the latest YouGov poll, only 21% of voters would like to see the referendum result overturned now.