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Originally Posted by TheDaddy
Wonder how keen people will be if its effects actually start to noticeably hit them, I'd be quite keen to know what people will be prepared to sacrifice to leave, I think we've all accepted we'll be a tiny bit poorer but what if it's worse than that
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I think because things move so slowly and other factors are involved, you'd need something like Airbus relocating for people to realise the impact of Brexit.
From the company's own website
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Tom Williams, Chief Operating Officer of Airbus Commercial Aircraft, commented:
“In any scenario, Brexit has severe negative consequences for the UK aerospace industry and Airbus in particular. Therefore, immediate mitigation measures would need to be accelerated. While Airbus understands that the political process must go on, as a responsible business we require immediate details on the pragmatic steps that should be taken to operate competitively. Without these, Airbus believes that the impacts on our UK operations could be significant. We have sought to highlight our concerns over the past 12 months, without success. Far from Project Fear, this is a dawning reality for Airbus. Put simply, a No Deal scenario directly threatens Airbus’ future in the UK.”
To read the Risk Assessment Memorandum in full, please click here: http://www.airbus.com/company/worldw...k.html#Economy
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https://www.airbus.com/newsroom/pres...-scenario.html
As reported in today's Times:
"
Airbus prepares to take flight
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."
---------- Post added at 09:48 ---------- Previous post was at 09:37 ----------
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Originally Posted by Chris
Airbus has said it will reconsider its investments in the U.K if there’s no transition deal post Brexit. Not quite the same thing.
I don’t know if you’re aware of exactly what goes on at Broughton, but it was part of my news reporting patch back in the day so I’m acquainted with it a little. The operation is enormous, and highly technical, employing large numbers of highly skilled men and women who manufacture wings for a number of Airbus planes.
Such is the expertise at the site that when the A380 was developed, they chose to build the wings there even at the inconvenience of having to work out how to transport them by road to the nearest port so they could then go by coastal barge to France for assembly.
They simply aren’t going to move the manufacture of any current product out of North Wales. It would cause massive disruption and cost to their business.
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It's worth reading Airbus's risk assessment, including this:
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In the absence of a Brexit agreement, UK aerospace companies will not be covered anymore under existing regulatory approvals including EASA approvals. All UK companies will need to transfer their DOA, POA and MOA into the EU. This means that should a single supplier not be certified, its parts cannot be installed and consequently prevent the delivery of aircraft. It is therefore vital that the EU supply chain gets duly prepared.
This is why Brexit imposes additional major risks to the aerospace sector compared to other industries and Airbus is getting increasingly concerned by the lack of progress on the Brexit process...
Until we know and understand the new EU/UK relationship, Airbus should carefully monitor any new investments in the UK and should refrain from extending its UK suppliers/partners base.
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http://www.airbus.com/company/worldw...k.html#Economy
Of course, some people believe that the talks are making good progress and everyone else is deluded.