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First Airbus, then BMW, now Jaguar: More and more companies are warning against a tough Brexit and threaten to leave the UK. The government is still divided on the issue.
Britain's largest automaker, Jaguar Land Rover, is about to leave the UK because of Brexit. "A bad Brexit deal would cost Jaguar Land Rover more than £ 1.2 billion in profits each year," said Ralf Speth, group CEO. "As a result, we should drastically adjust our spending profile."
In the last five years, the company has spent about £ 50 billion (about € 57 billion) in the United Kingdom. Over the next five years, 80 billion additional pounds (more than 90 billion euros) are planned. "It would be in danger if we faced the wrong result," Speth warned. The automaker employs about 40,000 workers in the United Kingdom
Skepticism in the British economy grows
A few days ago, the aircraft manufacturer Airbus and the car company BMW have warned against departure from the customs union. The companies have also threatened to pull out of the UK.
About nine months before British plans to leave the EU, skepticism is spreading in the executive floors of many companies on the island. In a survey released Monday by audit and consulting firm Deloitte, 75% of CFOs were pessimistic about Brexit. They fear that their business environment is damaged.
The British Government is divided
On Friday, the British Cabinet will meet to make important decisions on the design of Brexit. It will also develop plans for future trade and customs agreements with the EU. Prime Minister Theresa May's cabinet is divided on these issues. British media reports that the Cabinet meeting saw a confrontation between Brexit extremists and EU friendly forces in the government.
There are different pricing models. The model of "maximum facilitation" aims to avoid border controls, particularly between Ireland and the British province of Northern Ireland, through agreements with commercial companies and companies. Technological arrangements.
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