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"An unfavorable Brexit deal could erode Jaguar Land Rover's profits by more than 1.2 billion cars a year," he said. books each year. Therefore, we will see that we need to radically adjust our spending profile. So far, we have spent about 50 billion pounds in the UK over the last five years and plan to invest an additional 80 billion in the next five years, "said Ralf Speth, executive director of Jaguar Land Rover [19659002] The UK's largest automaker, owned by the Indian company Tata Motors, says that in case of adverse agreement on Brexit, the company should close its factories "If we had to leave, under an unfavorable deal, we should then close the factories we have here in the UK, which would be very, very sad. It's still hypothetical, and I hope it's an option we will not resort to, "Ralf Speth told the Financial Times on the BBC website
Warnings from auto executives come as part of the negotiations in Parliament. UK on new post-Brexit customs regulations. British legislators to debate the government's legislative proposal on post-Brexit customs regulations on 16 and 17 July
The debate may provoke a new conflict between British Prime Minister Theresa May and the Europeans. The legislative proposal is called cross-border tax law
The debate period is an opportunity for the conservative party led by the mayor to support the maintenance of the United Kingdom in a customs union with European countries. Theresa May does not support this, but she has not yet found a favorable solution for the Cabinet and Brussels officials.
The legislative proposal aims at transforming the existing customs agreement between the Member States of the European Union into a bilateral agreement between the EU and the United Kingdom
Customs policies are included among the most delicate topics of the Brexit talks. Proposals are currently disputed at the government level
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