The boss of Jaguar Land Rover has warned that tens of thousands of jobs could be at risk because of Brexit.
Speaking at a major car industry summit in Birmingham, at which the Prime Minister was also present, the Chief Executive of Jaguar Land Rover, Ralf Speth, warned: “What decisions will we be forced to make, if Brexit means not merely that costs go up, but that we cannot physically build cars on time and on budget in the UK?...Six months from Brexit and uncertainty means that many companies are being forced to make decisions about their businesses that will not be reversed, whatever the outcome, just to survive.”
Forty-thousand people are employed directly by Jaguar Land Rover in the UK, with many more employed in the supply chain.
Commenting, Bridget Phillipson MP, leading supporter of the People’s Vote campaign, said:
“The UK’s world class automotive sector is one of the crown jewels of our economy, but both the botched Brexit being pushed by the Prime Minister or a chaotic no deal Brexit being promoted by the likes of Jacob Rees-Mogg would be a disaster for the industry.
“Hundreds of thousands of highly-skilled jobs in the automotive sector and countless others in the supply chain are being put at risk by the incompetence and recklessness of the Government’s ideological approach to Brexit, but they refuse to change course, even when the warnings are coming from huge employers like Jaguar Land Rover.
“With time running out and the negotiations stalled, and with the risk of a no deal Brexit rising all the time, more and more people are demanding their democratic right to a People’s Vote on the terms of Brexit.”