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Old 01-06-2021, 08:32   #1067
1andrew1
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Re: Britain outside the EU

50 new jobs in Wigan. Will be good to see HP (House of Parlaiment) sauce in particular made in the UK again!
Quote:
Kraft Heinz to invest in the UK to make tomato ketchup

Kraft Heinz says it will invest $199m (£140m) in a UK food manufacturing facility over the next four years.

The plans for the plant in north west England would see British favourites - ketchup, mayonnaise and salad cream - made in the country once again.

It would be the firm's biggest expansion of a manufacturing site outside the US in more than 20 years.

The company said it is also one of the largest investments in UK manufacturing since Brexit.

The plan, which is subject to approval in the US, will also fund equipment and technology and create up to 50 new full-time jobs, the company said.
https://www.bbc.co.uk/news/business-57312162

Services apparently suffering
Quote:
Brexit shrank UK services exports by £110bn, academics find

Research shows that financial services exports were hardest hit over four-year period

Brexit shrank UK services exports by more than £110bn over a four-year period, new research shows, highlighting the far-reaching trade implications of Britain’s decision to break away from the EU.

Experts at Aston University in Birmingham found that UK services exports from 2016 to 2019 were cumulatively £113bn lower than they would have been had the UK not voted to quit the EU in June 2016.

The researchers calculated the figure by projecting how industries from IT and finance to business services would have grown if they had continued on their previous paths, and compared that with how they had actually progressed since the vote for Brexit. The gap was £113bn.

“What we find raises serious concerns about the damage to the UK’s services trade position and the likely spillovers to the economy and jobs related to the services sectors,” said Jun Du, professor of economics at Aston Business School.
https://www.ft.com/content/20a626ab-...0-bfd1e1ff132d
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