Ministers admitted last week giving assurances to Nissan that it would “remain competitive” after Britain leaves the European Union Christopher Furlong/Getty ImagesCompensating Britain’s car manufacturers for post-Brexit tariffs on their EU exports could cost the government more than a billion pounds a year, analysis suggests. Ministers admitted last week giving assurances to Nissan that it would “remain competitive” after Britain leaves the European Union, regardless of what type of deal is struck. While the government has insisted there had not been a “detailed and specific” agreement on tariffs, Nissan has taken the assurances to mean that it will be compensated for any additional cost that may arise from export duties. Ministers have pledged that the same assurances will be given to…

Source: The Times November 03, 2016 00:04 UTC