Nissan has warned that new investment in their Sunderland plant is suspended until they have confirmation that the UK will have tariff free access to the single market or the government agrees to compensate the company for any tariffs that become payable (HERE) and (HERE).
On the same day Jaguar Land Rover (JLR) has said there are signs that European buyers are boycotting UK built cars because of Brexit (HERE). If we had been subject to the kind of stuff that Farage and Johnson have directed at the EU, I would boycott European cars.
This all comes at a time when our current account gap has increased to 5.9% in the second quarter of the year (HERE). Even the government can no longer claim to be unaware of the damage to the UK that will occur if we leave the single market. We rely on foreign companies to boost our export performance. If they begin to wind down or leave we are in big trouble.
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