UK carmakers allotted £150m in state aid in attempt to save jobs | Business – Business Article

Government pledges of £80m in support to Nissan were part of a package of almost £150m in state aid promised to leading carmakers since the EU referendum in 2016, as ministers tried to prevent an exodus of jobs from the UK. Support offered since October that year has totalled at least £64.1m, according to Guardian analysis of EU data on state aid. The business secretary, Greg Clark, was on Monday forced to admit that Nissan had been offered £84.2m since…

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Nissan was offered secret state aid to cope with Brexit, minister concedes | Business – Business Article

The business secretary has been forced to admit the existence of a previously secret package of state aid to Nissan that could have been worth up to £80m had the carmaker gone ahead with plans to manufacture a new model X-Trail in Sunderland after Brexit. Greg Clark released a letter dated October 2016 in which he pledged tens of millions of taxpayer support and promised the Japanese company it would not be “adversely affected” after the UK left the EU.…

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Philip Hammond urges business leaders to accept Brexit result | Business – Business Article

Philip Hammond has told business leaders they need to accept the result of Britain’s EU referendum and warned that a failure to implement it would damage the country’s political stability. The chancellor told increasingly restless business leaders that he was working for a deal that safeguarded the economy, and said he understood their frustration but companies had to accept that changes were coming – such as an end to the free movement of people and business models built on a…

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