Jaguar Land Rover has warned that a bad Brexit deal would hit its profits and threaten its £ 80bn investment plans. The UK's biggest carmaker, owned by India's Tata Motors, said its heart and soul is in the UK.
Health Secretary Jeremy Hunt has said that “threats” by business over Brexit are “completely inappropriate”. He was responding to warnings by Airbus and BMW that investments in the UK could be jeopardized by Brexit uncertainty.
Car giant BMW has followed plane-maker Airbus in warning about the consequences of Brexit uncertainty. BMW UK boss Ian Robertson says clarity is needed by the end of the summer. BMW makes the Mini and Rolls Royce and employs about 8,000 people in the UK.