Airbus’s announcement that it is weighing up its future in the UK has sent shockwaves across the political spectrum today.
With no assurances over Britain’s future trading arrangements the boss of one of the world’s biggest aircraft manufacturers warned that Brexit would have “severe negative consequences for the UK aerospace industry and Airbus in particular”.
He said that Airbus has repeatedly been demanding clarity from Theresa May’s government over what trading arrangements will be available with Europe in March 2019, otherwise he warned that the aviation multinational would have to take steps to protect production, putting 100,000 jobs in the UK at risk.
The announcement comes straight out of the playbook for any multinational firm operating in Britain. Some of the country’s biggest businesses have already announced job cuts with many putting provisions in place as they await an outcome on negotiations.
Along with the Airbus announcement that 100,000 jobs could leave our shores,
The list goes on, but one thing that is for sure is that Airbus is not alone in wanting to up sticks and leave Britain.
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