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Old 22-06-2018, 10:35   #3134
Damien
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Re: Brexit discussion

Fair enough but if they start reducing their investments it becomes a matter of slowly winding it down doesn't it? No big sharp shock but the slow starvation of investment. New equipment is built elsewhere until the point where there is nothing left to do here: https://www.thetimes.co.uk/edition/n...ears-f6jnc7x2j

Quote:
The European aerospace company Airbus is set to become the first big manufacturer to pull investment from Britain after losing patience with Theresa May’s stalled Brexit negotiations.

Airbus, which generates £1.7 billion in tax revenues, is preparing to abandon plans to build aircraft wings at its British plants and move production to China, the US or elsewhere in Europe. It is making a series of investment decisions this summer because of worries that EU safety certifications will not apply from March next year and uncertainty over customs checks.

“In the absence of any clarity, we have to assume the worst-case scenario,” Tom Williams, the chief operating officer of Airbus, told The Times. “It is the dawning realisation that we now have to get on with it.”
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