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PSA Carmaker Will Withdraw Production In The UK Should Brexit Hit Profits – POLITICO

The Confederation of British Industry (CBI) warned in a new report that neither Britain nor the EU are fully prepared for frustrating Brexit on October 31 | Jean-Christophe Verhagen / AFP via Getty Images

As the owner of Vauxhall Motors threatens to disintegrate on the continent, two new reports warn of danger without a deal.


of Vauxhall Motors will stop production in the UK in favor of a new plant

Chief Executive Carlos Tavares told the Financial Times that the company will build its Vauxhall and Opel Astra cars currently in the Eleuser harbor in Cheshire, – in southern Europe if Britain does not leave the EU on favorable terms. More than 1,000 workers could lose their jobs if the enterprise is closed.

"I'd rather put it [the Astra] in Eleuser Harbor, but if the conditions are bad and I can not make it profitable then I have to protect the rest of the company and I will not do it," Tavares said in the interview , published at the end of Sunday. "We have an alternative to the Elemmer port."

The comments came when the CBI warned in a new report that neither the UK nor the EU are fully prepared for a frustrating deal for Brexit on October 31st.

"The unprecedented nature of Brexit means that some aspects can not be mitigated. We can reduce, but not eliminate, damage without any bargain, "CBI Deputy Director General Josh Hardy said in a statement. It is not just about queues in ports; the invisible impact of interrupting night service would harm businesses around the country. "

Separately, the government's government has warned in a new own report that the waste of exit without a deal will consume the British government in the foreseeable future

" Rather than "turbocharging" the economy, "as the new Prime Minister Boris Johnson, "the government is more likely to be employed with money and support for businesses and industries that have not prepared or are most severely affected by Brexit without a deal – as well as dealing with Britain citizens in the EU and citizens of the EU here, which have also been caught, "argues the report.

Britain is advocating an increasingly unlikely Brexit without a deal, as Johnson has vowed to bring the UK out of the EU "do or d" to October 31.

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