Ford warns on no-deal Brexit

THE boss of Ford’s European business has warned a no-deal Brexit would be a ‘catastrophe’.

Steven Armstrong said crashing out of the EU could lead to factory closures and job losses, and that a free-trade deal was needed on top of Theresa May’s withdrawal agreement. ‘If the industry can’t continue to operate competitively, we would have to think about where we continue and how we continue to invest,’ he said.

Ford employs around 15,000 people in the UK.