Sep 11, 2018

Brexit: Jaguar boss issues stark warning for jobs and profits

The boss of the UK's biggest carmaker has warned the government to get "The right Brexit" or it could wipe out his firm's profits and end in big job cuts. A spokesman for the prime minister said her Chequers Brexit proposals included protections for the car industry. "We are absolutely firmly committed to the UK, it's our home. But a hard Brexit will cost Jaguar Land Rover more than £1.2bn a year - it's horrifying, wiping our profit, destroying investment in the autonomous, zero-emissions, we want to share." Mrs May's official spokesman said the government's Brexit plan would protect industries that depend on swift import and export of products. "The Chequers plan includes specific proposals to protect jobs within industries like the car industry that depend on just-in-time supply chains."

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