CEO says the decision was not related to Brexit; based on competitive factors and need to accelerate its production of electric vehicles.
The defeat is symbolic rather than binding, but shows how weak the British PM’s hand is.
Germany, Italy and the Netherlands all saw sizeable downgrades for their growth outlook.
British economy is set to grow at its slowest rate since the global financial crisis.
Purchasing managers’ survey shows companies increasingly risk averse and eager to reduce overheads.
Japanese automaker will not build the X-Trail model at its existing UK plant in Sunderland.
Manufacturing firms stockpiled goods at a record rate in January to prepare for potential Brexit disruption to trade.
The Montreal-based IT consultancy has tended to develop more swiftly in times of economic uncertainty.
Industry is on “red alert” as the threat of no-deal increases.
“Please don’t listen to the Brexiteers’ madness which asserts that, because we have huge plants here, we will not move and we will always be here,” Tom Enders said. “They are wrong.”
Brexit Plan B looks an awful lot like Plan A.
No radical changes expected, though she may seek alterations to an insurance policy known as the “backstop.”
Many lawmakers think a “soft Brexit” that kept Britain in the EU’s single market or customs union is the only plan capable of winning a majority in Parliament.
Britain’s PM is caught between the rock of her own negotiating red lines and the hard place of a Parliament that wants to force a radical change of course.
The House of Commons’ 432-202 vote against May’s plan was widely expected.