FORD CONSIDER FACTORY CLOSURES

Both the Mail (HERE) and the Independent (HERE) are reporting that Ford are considering factory closures following the Brexit vote which, they say, will cost them $400-$500m each year until we leave the EU. The articles don't explain precisely where these costs come from except that it seems to be connected with the sharp drop in the value of the pound.

There is no indication which factories might be affected. Ford does not make cars here but have engine plants at Bridgend and Dagenham employing 3800 people.  The Mail story implies that Ford are only blaming Brexit because its convenient and the closures are being considered for other reasons.  But then this is what we've come to expect from the Mail.