- Title: Firms stack up Brexit warnings as May triggers divorce talks
- Date: 29th March 2017
- Summary: LONDON, ENGLAND, UNITED KINGDOM (MARCH 29, 2017) (REUTERS) SOUNDBITE (English) GARVAN WALSHE, CEO, BREXIT ANALYTICS, SAYING: "I think the best-case scenario is actually the two-year time frame is up, people think 'oh, we've got ourselves into a terrible mess here, let's extend the negotiations'. Article 50 allows those negotiations to be extended. There's no realistic possibility of getting a full, comprehensive, deep trade deal by 2019. If the negotiations are extended, the political situation could change, and the British people might develop a more realistic understanding of their negotiating position and their weak bargaining power."
- Embargoed: 12th April 2017 13:39
- Keywords: Ford Ryanair EU UK trade Article 50 Brexit
- Location: VARIOUS
- City: VARIOUS
- Country: United Kingdom
- Topics: Economic Events
- Reuters ID: LVA0066A0IXXJ
- Aspect Ratio: 16:9
- Story Text: Ford and Ryanair warned on Wednesday (March 29) of the risks of Brexit including disruption to flights and tariffs on cars which could hurt Britain and damage businesses, on the day the prime minister was launching divorce proceedings from the EU.
U.S. carmaker Ford, Britain's biggest automotive engine-maker, low-cost airline Ryanair and German media group Bertlesmann issued warnings as Britain began two years of formal EU talks.
Ford, a major beneficiary of free trade across the continent where it builds cars in Germany and vans in Turkey, warned that Theresa May must retain unfettered trade. - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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