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UK PM May takes views of business seriously after carmaker Jaguar warning: spokesman

Published 07/05/2018, 07:37 AM
Updated 07/05/2018, 07:40 AM
© Reuters. Britain's Prime Minister Theresa May leaves 10 Downing Street in London

LONDON (Reuters) - British Prime Minister Theresa May takes the views of business seriously and looks forward to providing more detail on the future relationship with the European Union in a so-called white paper policy document, her spokesman said on Thursday.

This comes after Britain's biggest carmaker Jaguar Land Rover [TAMOJL.UL] warned a so-called "hard Brexit" would cost it 1.2 billion pounds ($1.59 billion) a year, curtailing its future operations in the United Kingdom.

© Reuters. Britain's Prime Minister Theresa May leaves 10 Downing Street in London

"The PM has been very clear that we take the views of business seriously and we also know the importance of providing certainty as we leave the EU," the spokesman told reporters. "We are looking forward to providing further details in the white paper."

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