Ralf Speth calls for political action as CBI survey finds four out of five businesses have cut investment ahead of EU exit
Key industries will be destroyed by a hard Brexit, one of the country’s most powerful chief executives has predicted, amid warnings that Britain’s imminent EU exit has dented investment by four in five businesses.
Ralf Speth, the boss of Jaguar Land Rover, said that such an outcome would lead to the closure of plants and major job losses as he warned that some exposed industries would have “no way to survive a hard Brexit”.