One in three British automotive firms is cutting jobs as Brexit nears, up from o...
FILE PHOTO: Workers are seen on the production line at Nissan's car plant in Sunderland Britain, October 10, 2019. REUTERS/Phil Noble/File Photo
Eighty percent of firms feared leaving the European Union would hurt their future prospects and nearly two-thirds said they would be unable to invest in their British operations, the Society of Motor Manufacturers and Traders survey showed. “As yet, the damage is not irreversible. But we need a deal. A deal that, in the short term, enables a ‘business-as-usual’ transition for as long as it takes to negotiate and implement the future trading relationship.”Prime Minister Boris Johnson has said he is prepared to take Britain out of the EU without an agreement on Oct. 31 if necessary, although lawmakers have passed legislation that they say will force him to seek a delay from Brussels.
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