Mr Drechsler, who is due to step down from his role next week, said car industry bosses were concerned that greater costs caused by the imposition of trade tariffs and delays at the border would affect not only individual companies, but also the entire supply chain.~
"There's zero evidence that independent trade deals will provide any economic benefit to the UK that's material. It's a myth," he said. Link
Airbus has warned it could leave the UK if the country exits the European Union single market and customs union without a transition deal.
The European planemaker said the warning was not part of "project fear, but its "dawning reality".
Airbus employs about 14,000 people at 25 different sites in the UK. Link
The UK is Siemens' fourth-biggest market after the US, Germany and China. It employs 15,000 people in the UK.
"If the Brexit we end up having provides significant friction, provides significant cost, then of course that will be an argument against making investments here in the UK," Mr Maier said. Link.
My bet is still that the majority of British staff employed at these plants voted for Brexit, full well knowing that they were voting for their jobs to end. Other manufacturers have invested in the UK since the vote pr announced plans to invest so we are going to see a huge sea-change in industry here.
What we have done to ourselves.....
You all have been in decline for a couple of hundred years
~ Dont fret too much, the entire globe will be in depression soon enough.
Since WW1 and that decline was from an Empire and supposed superpower.
I think the BRICS, China and EU can pull together but yeah at the moment things don't look good globally.
My bet is still that the majority of British staff employed at these plants voted for Brexit, full well knowing that they were voting for their jobs to end. Other manufacturers have invested in the UK since the vote pr announced plans to invest so we are going to see a huge sea-change in industry here.
What we have done to ourselves.....
~ What have they done to themselves?
If the aircraft industry of the EU thinks it can find 14,000 very highly skilled people easily they are going to have a big problem.
The world outside the EU however will have no trouble finding work for those skills.
In the massively expanding world aircraft sector there are lots of nations building planes but few making the specialist engines and components for them. Guss who does those things so well?
The one area that we do well and is profitable is Rolls Royce and they only need so many people.
No, the real message of the OP is that we still have uncertainty and Industry hates uncertainty. No avoiding that part.
My bet is still that the majority of British staff employed at these plants voted for Brexit, full well knowing that they were voting for their jobs to end. Other manufacturers have invested in the UK since the vote pr announced plans to invest so we are going to see a huge sea-change in industry here.
What we have done to ourselves.....
Brexit: PM 'not bluffing' over no-deal, says Fox
Liam Fox said Theresa May was "not bluffing" over her threat to quit negotiations, while Boris Johnson called for a "full British Brexit". Link.
Since WW1 and that decline was from an Empire and supposed superpower.
I think the BRICS, China and EU can pull together but yeah at the moment things don't look good globally.
I said all along when people were considering which way to vote that perhaps the greatest uncertainty associated with leaving the EU is that no country has ever done it before, so no one can/could predict the exact resulting consequences of a yes vote. It's new ground.
A year out and it's a mess. Still so many unanswered questions and too much uncertainty.
Beautiful Country, great people. I'm not taking any satisfaction from watching the uncertainty many are facing, that's for sure.
~ The UK will not be allowed to leave without being punished, severely.
I said all along when people were considering which way to vote that perhaps the greatest uncertainty associated with leaving the EU is that no country has ever done it before, so no one can/could predict the exact resulting consequences of a yes vote. It's new ground.
A year out and it's a mess. Still so many unanswered questions and too much uncertainty.
Beautiful Country, great people. I'm not taking any satisfaction from watching the uncertainty many are facing, that's for sure.
Necessity is the mother of invention. There will be a major effort put in by the French, Spanish and German governments to gear up industrial production to fill that gap. It'll be a boon for the aerospace industries in those countries.If the aircraft industry of the EU thinks it can find 14,000 very highly skilled people easily they are going to have a big problem.
Who will? The US? China? Russia? Sure they'll love boosting their outsourcing.The world outside the EU however will have no trouble finding work for those skills.
I think most companies and the EU made it quite clear what would happen. The UK will not be allowed to leave without being punished, severely.
Necessity is the mother of invention. There will be a major effort put in by the French, Spanish and German governments to gear up industrial production to fill that gap. It'll be a boon for the aerospace industries in those countries.
Who will? The US? China? Russia? Sure they'll love boosting their outsourcing.
[FONT=source_sans_proregular]Hedge fund manager Crispin Odey has built up a short position against UK government debt that is now worth 154.8% of his flagship €173m European fund.[/FONT]
Before confusion begins to rise to the extent of eventual "unravellment", let's clear up a few matters here:When a Boeing uses Royals Royce engines it is not generally called outsourcing. Just a component of the aircraft.
Before confusion begins to rise to the extent of eventual "unravellment", let's clear up a few matters here:
1. Neither the OP nor the article linked to within says anything about aircraft engines nor (in this instance) RR
2. The possibly endangered jobs sit in production plants of Airbus in the UK (not with RR)
3. Those plants (primarily in Filton and Broughton) build wings.
WINGS !!!
4. One may add that they're also engaged in overall design as well as the supply of the fuel system, yet these two fields do not account for the gross number of jobs possibly imperilled.
4. RR is not owned by Airbus, it simply supplies engines. Same as Pratt and Whitney (US) and CFM (joint venture of US-General Electric and French Safran).
As such your idea that the world outside the UK is just waiting for British air-wings specialists to flood it, remains highly doubtful.
Incidentally Airbus also uses plenty of other additional UK suppliers for just as many items and hanging onto those after a hard Brexit will understandably be seen as bearing little economic merit.
For a broader overview of overall impact you might find reading
this
helpful.
~ And if not we will manage.
Actually my argument (in this particular instance) is that that the jobs in question have nothing to do with RR and its jet engines.
So your argument seems to be that the Continental Europeans need to have a decent deal just as much as we Brits.
seeing how economists hardly deal in such "emotional" fields as being different (and be that for the simple sake of so being), it's hardly surprising that they won't go down that road. Not so much a matter of not understanding, more one of not making "difference" the foremost priority. That works for those shareholder-minded on both sides of the Channel BTW.We Brits will face the possible pain that may well be coming. We understand that sovrenty and difference from the rest takes sacrifice and that the ecconomists don't understand the economic advantage of being different because it will never fit into any equaision.
this constant accusation of only one side prevaricating is getting tiresome.Soon, as the time for prevarication runs out the EU will start to get their heads around that idea. They will do a decent deal.
both sides will and both will be worse off.And if not we will manage.
~ I suppose they've failed to win any argument thus far ~
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