• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Business and Economics Business

Brexit woes: Car firms face “extinction” post-Brexit claims CBI chief

If the UK presses on with plans to leave the customs union, post-Brexit, large swathes of the car industry will face extinction, claims the president of the CBI. This news follows Jaguar Land Rover’s recent statement that it is to move all production of its Discovery from the UK to Slovakia in a move that […]

Joe Mellor by Joe Mellor
2018-06-13 09:34
in Business, News, Politics
FacebookTwitterLinkedinEmailWhatsapp

If the UK presses on with plans to leave the customs union, post-Brexit, large swathes of the car industry will face extinction, claims the president of the CBI.

This news follows Jaguar Land Rover’s recent statement that it is to move all production of its Discovery from the UK to Slovakia in a move that could lead to hundreds of job losses.

The chief of the CBI, Paul Dreschler told BBC Radio 4’s Today programme there was “zero evidence” that external trade deals, away from the EU, will bring positive economic results for the UK.

Dreschler claimed that: “there’s zero evidence that independent trade deals will provide any economic benefit to the UK that’s material. It’s a myth.”

He continued: “”If we do not have a customs union, there are sectors of manufacturing society in the UK which risk becoming extinct.”

“Be in no doubt, that is the reality.”

He also laid into the Government’s negotiating and planning since the vote to leave the EU was decided.

He attacked the government when he said: “we have a negotiation within the UK government that’s gone on for nearly three years.

“We still haven’t got clarity about the future direction, about where we’re heading, what will the future relationship with Europe be, at a level of detail that matters for investment.”

RelatedPosts

“They were lied to”: Lee Anderson tells MP to ‘shut up’ while big boss Farage asks about Brexit at PMQs

Keir Starmer shuts down Kemi Badenoch with brutal one word answer in PMQs

Nigel Farage support has ‘topped out’, says pollster

75% of Brits want wealth tax on super rich

However, a spokesperson for the Department for Exiting the EU (Dexeu) said the government was “focused on delivering a Brexit that works for the whole of the UK – including businesses across the economy”.

“We have laid out our approach to our withdrawal and future relationship with the EU in 14 detailed papers we published last summer, numerous speeches given by the prime minister and cabinet ministers, and the technical notes and slides we published in recent weeks.

“We’ll soon publish a White Paper with detailed explanations of our ambition for a future relationship with the EU – building on the positions set out by the prime minister.”

https://www.thelondoneconomic.com/news/feeling-bitter-wetherspoons-cans-german-beers-champagne-pre-brexit/13/06/

https://www.thelondoneconomic.com/news/watch-tory-minister-resigns-over-brexit-process/12/06/

 

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← Feeling Bitter? Wetherspoons cans German beers & Champagne pre-Brexit ← Civitas Social Housing – Socially beneficial investing
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->