Major UK manufacturers preparing for no-deal, worst-case scenario Brexit
Jaguar Land Rover, Airbus, BMW, Rolls Royce — all are threatening dire consequences if Theresa May can’t get a suitable Brexit deal agreed
London — The British government is putting its industrial base at risk by failing to deliver a roadmap to its future economic relationship with the EU, according to the chief of the country’s main manufacturing lobby group. As Jaguar Land Rover (JLR) became the latest industrial giant to warn the government against bungling Britain’s departure from the EU, Stephen Phipson, CEO of EEF manufacturers’ association, said the UK’s biggest manufacturers are all preparing for a no-deal Brexit that leads to increased bureaucracy and border delays. "People are starting to plan for the worst-case scenario," Phipson said in an interview late on Wednesday. "Just about everyone I’ve spoken to is starting to now go through this process." The remarks ramp up the pressure on Prime Minister Theresa May to unify her warring cabinet and devise a negotiating position that can advance stalled talks in Brussels. May convened a cabinet meeting on Friday at her Chequers country retreat to take another stab ...
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