Business Standard

Britain hurtles into the Brexit unknown Jaguar Land Rover to hire 5,000 staff PAIN OR PROMISE: WHERE BREXIT MATTERS MOST

UK Parliament will hold a two-year legislativ­e session to tackle the complexiti­es of its exit from EU NUMBER OF PEOPLE WORKING AT COMPANIES BY SECTOR

- AGENCIES 18 June

With her strategy unclear and her position insecure, Prime Minister Theresa May plunges this week into tortuous divorce talks with the European Union that will shape Britain's prosperity and global influence for generation­s to come.

At one of the most important junctures for Europe and the West since the 1991 fall of the Soviet Union, May's government is reeling from a crisis of her own making — the loss of her parliament­ary majority in a June 8 snap election she did not need to call.

On Saturday, UK announced it parliament will hold a rare two-year legislativ­e session to tackle the complexiti­es of Britain's departure from the European Union, the government said on Saturday.

Britain's negotiatio­ns with the EU over its exit from the bloc begin on Monday and stand to be complicate­d by the surprise loss of Prime Minister Theresa May's parliament­ary majority in a national election last week.

A parliament­ary session usually runs for a year, from spring to spring. But the government will double the length of the session to let lawmakers debate Britain's approach to Brexit While politics is in disarray, the economic realities of Britain have not changed. The testing grounds for any Brexit agreement will be the economies of UK areas which are dependent on foreign corporatio­ns. These are the areas where a hard Brexit will hurt the most

THE INDUSTRIES BRITAIN CAN’T WHERE A HARD BREXIT WOULD AFFORD TO LOSE HIT HARDEST

Much depends on the results of the Brexit talks and how much of present trade conditions Prime Minister Theresa May and her negotiatin­g team can preserve. But there is already corporate anxiety. According to an analysis, more than £80 billion in UK sales and more than 200,000 jobs are at stake. Firms like Nestlé, Pfizer, and Hitachi —operating at least four factories without interrupti­on. Such is the collapse of May's authority that her entire Brexit strategy is being picked apart in public by her ministers, her lawmakers and her allies on the eve of formal negotiatio­ns which begin in Europe has been particular­ly key to the economic viability of north Wales and the adjoining rust belt of metropolit­an Liverpool. Both sides of the Mersey have large exportorie­nted factories belonging to Ford, Unilever, and Tata Motors' Jaguar Land Rover division. Over two-thirds of Welsh exports go to the rest of the EU, more than any other UK region Brussels on Monday at 0900 GMT.

Despite signals from both France and Germany last week that Britain would still be welcome to stay if it changed its mind, Brexit minister David Davis insisted on Sunday Automotive

Conglomera­tes TOO BIG TO FAIL

Few industries encapsulat­e what’s at risk in the negotiatio­ns more than automotive production. In recent years, UK has returned as a net exporter of cars for the first time since the 1970s. Around 1.7 million vehicles were produced in the UK last year, a 17-year record. More than half of them were exported to the rest of Europe. there would be no turning back.

Britain will act on any recommenda­tions from a probe into a fire that ripped through an apartment block and killed at least 58 people, May said on Sunday. May, under Britain's biggest carmaker Jaguar Land Rover (JLR) will hire 5,000 staff as it boosts its skills in autonomous and electric technology, a welcome business endorsemen­t as Prime Minister Theresa May starts Brexit talks after a botched election. JLR, which employs more than 40,000 people globally, said it would hire 1,000 electronic and software engineers as well as 4,000 additional personnel including in manufactur­ing, most of whom will be based in Britain. The recruitmen­t process will take place over the next 12 months, just as Britain begins talks to leave the European Union, which carmakers have warned must result in a deal which retains free and unfettered trade to protect jobs. The carmaker, which is owned by India's Tata Motors, will build its first electric vehicle, the I-PACE, in Austria but has said it wants to build such models in Britain if conditions such as support from government and academia are met. Automakers are racing to produce greener cars and improve charge times in a bid to meet rising customer demand and fulfil air quality targets but Britain lacks sufficient manufactur­ing capacity, an area ministers have said they want to build up. REUTERS pressure for keeping a distance from angry residents on a visit to the charred remains of the 24-storey block last week, said on Saturday the response to the disaster was "not good enough".

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