Jaguar Land Rover (JLR) CEO Ralf Speth has issued a warning to the UK government that a so-called hard Brexit could cost the company £1.2 billion per year in tariffs and ultimately force it out of the UK.

Hostile immigration policies will do untold damage to the UK’s manufacturing industry. It is baffling that the government is willing to implement such a strategy, says Lord Bilimoria.

As the prospect of no deal looms, even the promises of aid offered by the May government seem a distant memory.