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COMING UP:Share Opener Variant 4

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Transcript

00:00:00
>> Speculation about reassurance the UK government gave Toyota, going up a gear Tuesday. Senior lawmakers in the UK calling on the government to disclose what it said in a letter to the Japanese car maker about post Brexit trading arrangements. On Friday, Reuters reported that was how Westminster secured a Toyota investment at one of its UK plants worth more than $300 million.
00:00:24
Last year, the revelation that Nissan received similar positive words stirred concerns of secretive sweetheart deals. Reuters' William James.>> What we've seen is the heads of two of Parliament's most influential committees come out and say, we need to see what these assurances are. We need to see the letter and we need to find out what the government's offering these businesses.
00:00:44
On top of that, we've also had the Opposition Labor Party issue a statement to us saying, this is unacceptable.>> The Business Ministry has confirmed the letter exists, but won't release it. Toyota referred again to a March statement which merely confirms millions in government funding for training and research.
00:01:02
>> So the government is being particularly coy about what it's saying to companies on Brexit and that's because it's still in the process of negotiating its Brexit deal. It doesn't know what the deal is going to look like. It sank as much as it can to encourage investment to the UK but it doesn't wanna say, and I think, the other companies can then come in and demand the same thing and actually hold the government to account for it.
00:01:21
>> Two years of Brexit talks loom, the first full round kicked off on Monday. Car firms are worried about the long term viability of their plants in the UK. And they're using investment decisions to push the government for promises of free trade after Britain leave the European Union.