- 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: "Membership of the single market has already been ruled out, membership of the Customs Union, which keeps goods flowing between EU members, has also been ruled out. So they won't be able to do the kind of deep trade deal that leads to the big economic gains. The second big road block, is the nature of the EU as a single legal entity. The British think it's a much more transactional thing. But in fact the EU wants to keep the famous four freedoms of the single market, of goods, of services, of people and of capital together as one. Whereas the British want to separate them out. That's not going to be possible."
- 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: LVA0026A0IXXJ
- 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
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