"No-Deal" Brexit Would Decimate Britain's Auto Industry; Or Maybe Not [Forbes]
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Source: Forbes
"No-Deal" Brexit Would Decimate Britain's Auto Industry; Or Maybe Not The flags of the U.K., EU, Scotla a Wales flying outside Britain's Houses of Parliament Getty Debt rating experts Moody’s Investors Service a consultants Fitch Solutions have ventured into dangerous territory; trying to predict the impact on the British auto iustry if the nation left the European Union without a deal. Moody’s puts forward some detailed a disastrous predictions for automakers in Britain like Nissan, Hoa, Toyota a Jaguar La Rover (JLR). Fitch goes into less corporate detail but has some big political predictions. Given that nobody in British political life has the faintest idea of how the saga will e, that is very brave. Moody’s did make clear after questioning that its predictions are aimed at the unlikely event of a “no-deal” lasting more than a few days before solid arrangements are in place. Prime Minister Theresa May faces a vote Tuesday which is likely to lead to the defeat of her E.U. Withdrawa
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