Oh, my mistake, that was last week, this week, they’re both keeping their cake-holes shut!! Funny that.
Yep, this is the story in the press today where Jaguar Land Rover — not one, but two of the most famous and prestigious names in the international automotive industry, which employs 40,000 British workers, with 260,000 more relying on its operations for their livelihoods — has warned of the consequences of a bad Brexit
Unsurprisingly, JLR, which makes £1.2 billion profit per year, and has invested £50 billion into the UK in the last five years, and has plans for an additional £80 billion in the next five, has joined BMW and Airbus in warning against the consequences of a bad Brexit.
Dr Ralf Speth, chief executive of JLR, has warned that a bad Brexit would put all of this in jeopardy.
He said: “For more than 250 years, since the era of Adam Smith, Britain has championed free markets and made the case for free trade. If the UK automotive industry is to remain globally competitive and protect 300,000 jobs in Jaguar Land Rover and our supply chain, we must retain tariff and customs-free access to trade and talent with no change to current EU regulations.”
“Electrification and connectivity offer significant economic and productivity opportunities – get Brexit wrong and British people, businesses and broader society lose the chance to lead in smart mobility.”
At what point will the Brexiteers admit they are leading the charge of the Light Brigade, and save their blind followers from disaster?
As Alfred Lord Tennyson wrote in the famous poem of the infamous military cock-up:
Someone had blundered.
Theirs not to make reply,
Theirs not to reason why,
Theirs but to do and die.
PMP X-TRA FACTS
Jaguar Land Rover is Britain’s largest car manufacturer, investor, exporter and employer.
More than 40,000 of JLR employees are based in the UK, with a further 260,000 jobs in the UK supply chain.
In 2017, JLR sold 621,000 cars, with 80% of them going to 130 countries; 1 in 3 cars exported from the UK are Jaguars or Land Rovers.
Mainland Europe is one of JLR’s largest markets, with 20% of cars being sold there.
More than 40% of parts going into JLR cars are imported from Europe.
Jaguar Land Rover in the financial year 2017/2018 spent £5.67 billion with UK suppliers and £5.37 billion with EU suppliers on production parts.
Solihull, the UK’s largest car plant, builds 1,500 cars per day, using 15 million components. Any delay to parts delivery would force the suspension of the JLR production at a cost of £1.25 million per hour.
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(This piece was originally published on the Pimlico Plumber blog.)