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Minis could be latest victim of Brexit as BMW boss hints at moving production out of UK

BMWmakes around 200,000 Minis a year at its Oxford factory and employs than 24,000 people in the UK. Reports circulated last month suggested that the company was considering moving production of its electric Mini models to Germany.

Mr Krueger said the business environment for car makers is marked by "volatility, unexpected developments and political uncertainty," but the fact that BMWhad factories distributed around the world meant that it was well positioned to adjust production depending on demand. BMWopened a new engine plant in China in 2016 and its largest factory is in South Carolina in the US.

Last month Toyota pledged to go ahead with a 240m investment in its Derbyshire factory but issued a warning to Theresa May's government. "Continued tariff and barrier free market access between the UK and Europe that is predictable and uncomplicated will be vital for future success," Dr Johan van Zyl, president and chief executive of Toyota said at the time.

Nissanand Jaguar Land Rover have pressed ahead with planned UK investments in recent van cleef necklace alhambra imitation months, though the former said it would re evaluate its decision if the Brexit deal is poor.

Investment in the car industry fell to 1.66bn last year from 2.5bn in 2015 amid uncertainty over Brexit, the latest figures from Society of Motor Manufacturers and Traders show.

More than half of the cars produced in the UK last year were exported to the EU, while many of the component parts are imported from the trading bloc, meaning any barriers could be costly.

Brexit will put British patients at 'back of the queue' for new drugs

Brexit will put British patients at the "back of the queue" for vital new drugs, the Government has been warned forcing them to wait up to two years longer medicines regulator has raised the alarm over a likely decision to pull out of the European Medicines Agency (EMA), as well as the EU itself. Secretary Jeremy Hunt dropped the bombshell , when he said he expected the UK would quit the EMA because it is subject to rulings by the European Court of Justice.

London to lose status as 'gateway to Europe' for banks

One of Germany's top banking regulators has warned that London could lose its status as "gateway to Europe" for the banking sector after Britain quits the European trading bloc. Dombret, who is an executive board member for the Bundesbank Germany's central bank told a private meeting of German businesses and banks earlier this week in Frankfurt that even if banking rules were "equivalent" between the UK and the rest of the EU, that was still "miles away from [Britain having] access to the single market", the BBC reports.

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