Brexit: Rolls-Royce '˜will not speculate'
Rolls-Royce, one of the biggest names to back the Remain campaign, has issued a statement today.
The world famous car brand, which has bases at Goodwood and in Bognor Regis, said: “Rolls-Royce Motor Cars respects the British electorate’s decision to leave the EU. While it is clear there will now be a period of uncertainty, there will be no immediate change to our operations in the UK.
“Today, we know that many of the relevant conditions for supplying the European market will have to be re-negotiated, but of course we cannot say what this means for our UK operations until those future regulatory and legislative arrangements are agreed. We will not speculate about the outcome of these negotiations nor about any possible effects that might have on our manufacturing operations in the UK.”
The prestigious company, which is part of the BMW group, had previously stated its belief that Britain would be better off remaining an active and influential member of the EU, giving it a say when future European regulations are decided.
In a letter to staff in the lead up to the referendum, seen by the Observer, the chief executive officer of Rolls-Royce had explained that the business benefited from easy movement of its employees between the UK and Europe, allowing it to build the skill level of its UK workforce, while any tariff trade barriers would mean higher costs and higher prices.
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