Rolls-Royce to switch work to Germany over Brexit

Rolls-Royce on Wednesday said it was switching to Germany from the UK its design-approval of large aircraft engines after Prime Minister Theresa May delayed parliament's vote on the Brexit deal.

"Rolls-Royce notes the decision by the UK government to delay the vote on the proposed Withdrawal Agreement and political declaration," the company said in a trading update.

May has postponed a historic vote in parliament over her EU withdrawal agreement because of its certain defeat -- and must now win a no-confidence vote by MPs in her Conservative party to be held Wednesday.

In a statement, Rolls said it was working with the European Aviation Safety Agency (EASA) over the planned movement of work to Germany, repeating that it was looking at stockpiling parts in preparation for Britain's planned exit from the EU on March 29. “We will continue to implement our contingency plans," Rolls said.