Theresa Griffin MEP: Jaguar Land Rover threat to pull £80billion in investment is serious – the Government must listen and act to save high-skilled jobs

Hot on the heels of warnings about job losses and pulled investment from Airbus, BMW, Nissan and Siemens, Jaguar Land Rover has now stated that its £80billion investment programme over the next 5 years is at risk from a “hard Brexit”, including potentially at its Halewood plant, which employs 6,000 people.

Dr Ralf Speth, Chief Executive of JLR, has been reported as saying:

“We, and our partners in the supply chain, face an unpredictable future if the Brexit negotiations do not maintain free and frictionless trade with the EU and unrestricted access to the single market.”

MEP for the North West of England, Theresa Griffin, said:

“This is an incredible wake-up call for the Cabinet ahead of their meeting at Chequers on Friday. Britain’s biggest employers are telling the government clearly that a ‘hard Brexit’ would irreversibly damage their businesses and the UK economy.”

“This is no laughing matter. We are talking about the loss of hundreds of thousands of jobs, with a devastating impact for our economy. In particular, the significant automotive sector in the North West, which relies on ‘just in time’ production methods, is facing colossal losses unless we can secure full access to the Single Market and Customs Union.”

“It is becoming increasingly clear to everyone, from the UK Chambers of Commerce and the CBI, to high-tech manufacturers like Airbus, BMW, Nissan, Siemens, or Jaguar Land Rover, and from the TUC representing millions of trades unionists, to a growing majority of voters, that this Tory Government is too concerned with jostling for internal party advantage and not focusing on the needs of the British people.”

“The people of the UK now need reassurance that the Government is going to restore some credibility by committing to full Single Market and Customs Union access. We also need the British people to give their approval to the deal in a People’s Vote on the terms of Brexit.”