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June 19, 2024
PreetNama
English News

Rolls-Royce CEO says company ready for a no-deal Brexit if needed

Britain’s Rolls Royce said it was prepared to cope with the fallout from a disorderly Brexit after the aero-engine maker spent around 100 million pounds to increase inventory among other preparations, its chief executive said.

“We’ve grown the amount of inventory that we have, inventory and other measures to deal with issues around Brexit, totalling around 100 million pounds ($122 million) at the moment,” Warren East told BBC Radio.

“We would obviously prefer a deal because that is the best way of providing certainty for business but we’ve always been prepared for a no-deal of some kind.”

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