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Jaguar-Land Rover. A company with 40,000 employees in the UK has threatened to drastically reduce the investment plan in the kingdom if the government fails to negotiate a Brexit with favorable terms. JLR says it has made $ 50 billion in purchases from British suppliers in the past five years and would like to have $ 80 billion over the next five years, but the amount could be much lower if Brexit is difficult [19659002] Ralf Speth, the head of the company, says that a Brexit must be negotiated in which trade relations with EU countries are maintained without any tariffs being introduced. A difficult Brexit, with adverse conditions for the United Kingdom, would yield an annual profit of £ 1.2 billion less for the company, says his boss, who fears an "unpredictable future".
expenses will be considerably reduced if there is no favorable Brexit in the UK and will be asked for clarification on what will follow, otherwise many companies will think twice before # 39; invest.
The message comes after a crucial meeting JLR joins companies like Airbus, BMW and Nissan who warned that they would change their investment plans if Brexit is hard
Source: AFP
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