Thread: PM Boris forms a government
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Old 09-09-2019, 19:38   #2149
1andrew1
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Re: PM Boris forms a government
More Project Reality - British battery manufacturer will have to open factory in EU, not UK, in the event of no deal
Quote:
Oxford-based Yasa, which has just raised £18m from two new investors, is in advanced negotiations with a major European brand that will require it to build a new facility to meet demand if successful.
Chief executive Chris Harris told the FT the business will be forced to put the site in Europe if there is a bad deal or no-deal scenario, because its European customers will not be happy to pay the cost of tariffs.
“That will be in the UK if it will come up with a decent deal, otherwise we will have no choice but to put that in Europe,” he said.
“Where we see our opportunities, they are all in Europe, far more so than the US or China. It’s where all of our growth will come from in the next decade.”
“Emotionally we want production to remain in the UK, and we want that wealth to remain in the UK, but we have to be driven by business sense.”
https://www.ft.com/content/6f34d594-...7-807ebd53ab77
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