Jaguar Land Rover (JLR) will today announce it is cutting up to 5,000 jobs from its 40,000 strong UK workforce as part of a £2.5bn cost-cutting plan.

Management, marketing and administrative roles are expected to be hardest hit, but some production staff may also be affected.

Meanwhile, reports suggest rivals Ford and Volkswagen are to forge closer ties that may later extend to collaborating on electric and self-driving technology.

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Rebel Conservative MPs have joined forces with Labour to inflict a fresh blow on Theresa May’s government in a Commons Brexit vote.

It means the government will have to come up with revised plans within three days if the Prime Minister’s EU withdrawal deal is rejected by MPs next week. It could also open the door to alternatives, such as a referendum.

Reports suggest business lobby groups will call for a series of emergency measures to cushion the blow of the UK crashing out of the EU if May’s Brexit deal is not ratified in the parliamentary vote next week.