- 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: "The one bargaining chip the UK really has is security. But it needs to play that bargaining chip very, very carefully because all EU member states, current and soon-to-be-former ones like the UK, depend on a close security relationship. But the UK can't be seen to be holding that over the EU's head. It needs to be given in the spirit of cooperation. That will buy goodwill. The question is whether the government in the UK is willing to put that up in advance in order to buy that goodwill, whether it will take that risk."
- 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: LVA0046A0IXXJ
- 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.
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