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Business Brexit 'threats' are 'inappropriate' says Hunt

Business Brexit 'threats' are 'inappropriate' says Hunt

Business
Media playback is unsupported on your device Health Secretary Jeremy Hunt has said that "threats" by business over Brexit are "completely inappropriate".He was responding to warnings by Airbus and BMW that investments in the UK could be jeopardised by Brexit uncertainty.Speaking on The Andrew Marr Show, Mr Hunt said Brexit discussions were at "critical moment" and needed unity.He also refused to rule out scrapping cuts to corporation tax in order to fund extra spending on the NHS.Last week, Airbus warned it could leave the UK if Britain were to exit the single market and customs union without a transition deal.BMW followed the warning by saying that clarity over Brexit is needed by the end of the summer.In response Mr Hunt said: "It's complete...
Airbus: 'No-deal' Brexit will be 'chaos at the borders'

Airbus: 'No-deal' Brexit will be 'chaos at the borders'

Business
Airbus has said it is running out patience with the government and a "no-deal" Brexit would mean "chaos at the borders". The company employs 14,000 people at several sites including Bristol, Stevenage, Portsmouth and north Wales, but another 110,000 jobs are also vulnerable at firms supplying the aircraft maker.In one of the most significant interventions by a major manufacturer since the referendum two years ago, it published a "risk assessment" on its website saying it would "reconsider its investments in the UK, and its long-term footprint in the country" if Britain left the single market and customs union without a transition agreement.Speaking to Sky News, the company's senior vice president Katherine Bennett said: "We would see it as chaos at the borders."Our parts mo...
Adult skills giant Learndirect in rescue deal

Adult skills giant Learndirect in rescue deal

Business
A little-known education entrepreneur has swooped to seal an audacious takeover of Learndirect, Brit‎ain's biggest provider of apprenticeships and adult training services. Sky News can reveal that Dimensions Training Solutions (DTS) struck a deal on Saturday to acquire Learndirect in a deal which will preserve roughly 1,000 jobs and the training courses of thousands more people.The ‎acquisition will be transformational for DTS, which is part of a wider group owned by Stonebridge Colleges, a mini-conglomerate in the further education sector.It will bring to an end months of uncertainty about Learndirect's future, with doubts about its survival prospects exacerbated by an adverse Ofsted evaluation of part of its business but which were originally triggered by govern...
Trump threatens 20% tariff on all European cars

Trump threatens 20% tariff on all European cars

Business
Donald Trump has threatened a 20% tariff on all European cars if the EU does not remove trade barriers introduced on Friday. His threat - which if carried out would represent a serious escalation of the burgeoning trade war - comes hours after new EU tariffs on goods imported from the US came into force. Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!— Donald J. Trump (@realDonaldTrump) June 22, 2018 In response to Mr Trump's tariffs on European steel and aluminium, the EU has imposed tariffs on ...
BMW joins Airbus in Brexit warning

BMW joins Airbus in Brexit warning

Business
Media playback is unsupported on your device The car giant BMW has followed plane-maker Airbus in warning about the consequences of Brexit uncertainty.BMW UK boss Ian Robertson says clarity is needed by the end of the summer. BMW makes the Mini and Rolls Royce and employs about 8,000 people in the UK.Earlier, Airbus, which employs 14,000 people in the UK, warned it could leave if the UK exits the single market and customs union with no transition deal.The UK government says it is confident of getting a good deal for industry.The customs union brings together the EU's 28 members in a duty-free area, in which they pay the same rate of duty on non-EU goods.Prime Minister Theresa May has ruled out staying in the customs union. The UK is due to lea...