Industry warns of job losses if investment tap is turned off

British industry has been left reeling by the European Union referendum result as fears increased that carmakers based in the UK and big aerospace companies such as Rolls-Royce and Airbus would transfer work abroad.

The country’s biggest food and drink exporter, the Scotch whisky industry, warned it could be hit by complex multilateral agreements and tariffs.

Meanwhile trade associations like the CBI, which represents British companies, and the EEF, which represents manufacturers, warned the government to tread carefully and not too hastily in working out new arrangements.

There were fears that Britain’s renascent automotive industry could be under threat with…

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