The Economist (June 29)
The “metropolis of money, known as the City, generates £120bn ($152bn) of output a year—as much as Germany’s car industry.” Increasingly, Brexit appears to threaten an outcome that “would make the eu poorer and damage London’s position.” In addition, the end result could “change the workings of the global financial system.”
Tags: Brexit, Car industry, Damage, EU, Financial system, Germany, London, Metropolis, Money, Outcome, Output, Poorer, The City
Forbes (February 18)
“Drawn by generous incentives and the opportunity to sell directly into a unifying Europe, the car industry became a poster child for inward investment.” Now the survival of this industry in the UK is at stake. Honda’s scheduled plant closing “comes after last month’s announcement of up to 4,500 job losses at Jaguar Land Rover and news that Nissan’s new X-Trail model is to be made in Japan, not Sunderland.” Furthermore, “Toyota and Ford have warned of negative consequences in the case of Britain editing the European Union without a negotiated deal.”
Tags: Car industry, EU, Europe, Ford, Honda, Incentives, Investment, Jaguar Land Rover, Job losses, Nissan, Survival, Toyota, UK
