|
|
|
|
|
|
|
|
|
|
|
|
|
. |
Airbus And BMW Threatening To Leave Britain And Take 22,000 Jobs With Them Worth Billions Due To Theresa May's Indecisive Brexit That Is Filled With 'Uncertainty' June 26. 2018
British Prime Minister Theresa May This is a follow up to the June 11, 2018 article "The British Economy Posts Its Worst Numbers In 6-Years" regarding Britain's departure from the European Union, where I stated: "To further illustrate May has no plan, she recently pushed back Britain's departure date from the European Union from March 2019 to some time in 2023. She can't have one foot in and outside the European Union and for that long. May's lack of economic action coupled with her shifty, racist attitude towards foreigners, has damaged Britain's economy. It does not inspire confidence, because to financially savvy investors, she's made Britain look like shaky ground. I'll explain." "As stated above, May pushed back by 4-years, Britain's departure date from the European Union, which she originally selected and announced. That's four more years of uncertainty. May's xenophobic immigration policies have turned off many investors as well, as stated months ago on the site. Investor are not going to risk going to any nation and investing in the economy where the Prime Minister is behaving like a hateful, outright racist, deporting immigrants who have lawfully resided in Britain for decades. Immigrants are investors and workers." Weeks later, on Friday, June 22, 2018, Airbus and BMW issued serious warnings to the British government, particularly Prime Minister Theresa May, regarding her stalled Brexit plans. Both companies generate billions of British pounds annually in tax revenues for Britain. Their departure would represent at least 22,000 jobs (potentially 100,000 jobs) leaving Britain for the European Union (EU). That's a lot of people in Britain who would be out of work. This is in addition to other companies who are stating they will pull their jobs and investments from Britain, which will cost the British economy a fortune. There are a number of companies who are going to pull jobs and investments from Britain because of the uncertainty of Brexit, such as Unilever, Microsoft, Diageo, Deutsche Bank, Morgan Stanley, Goldman Sachs Group Inc, JP Morgan Chase & Co, HSBC, Lloyds of London, Barclays, Bank of America, UBS, Moneygram, European Medicines Agency, European Banking Authority and Smiffy's, among others. Now Airbus and BMW are set to be added to the list. This is not good. These companies represent several hundred thousand jobs and billions of pounds to the British economy. May has not engaged in any meaningful job creation to offset the coming losses if Brexit goes through. She does not have the business acumen to replace these jobs and in a timely fashion. I have warned for nearly 2-years that the British government needs to engage in aggressive job creation, but that has not happened. The reversal of fortune I warned about months ago, has now begun (The British Economy Posts Its Worst Numbers In 6-Years). In my June 11, 2018 article I used the word "uncertainty" stating it is something companies and investors do not like. Now many top companies entangled in Brexit are using the same word. The fact of the matter is all companies and investors who seek to invest abroad do an evaluation of the city and country they are exploring as a place to do business. Investors will check crime levels, economic, political and police stability, currency values/stability and office/home/rental prices. They want to know their businesses and investments are safe. They want to know their visas and ability to secure their assets is safe and stable. May's conduct in publicly threatening to walk away from Brexit with no deal and pushing it back to 2023 is not the definition of stability. To an investor that is too much risk and for too long. I respect the Brexit vote as the will of the people. However, it was one won on lies by select politicians, who used xenophobia to secure the vote to leave the European Union. The British people were not given all the facts. This really was not fair to them, especially considering the financial damage that is now unfolding (The British Economy Posts Its Worst Numbers In 6-Years). I love Britain and it saddens me to see what is happening, as Brexit has the potential to negatively change the British way of life. Less taxable revenues means the British government will have to make even more budget cuts than the already damaging ones May has undertaken (much of which was not even necessary in the first place and killed over 10,000 Britons according to a recent report). After Brexit, budget cuts under May would become a matter of necessity for survival, as she refuses to pay attention to how her behavior is damaging the economy and there will not be enough money to pay for many needed services, as she doesn't know economics and is not listening to sound financial advice. Under May's current path for the nation, there will be more school and hospital closures. There will be palace closures. Some government social programs will be eliminated due to lack of funds. Worst of all, many benefits will be cut to the disabled and the poor, to greater extremes than May has already done. The EU can survive Brexit better than Britain can, due to their size, numbers and economic structure. Germany and France will anchor the EU. Under May, Britain is not in a position to face the job losses that would go to EU states. However, it's not too late to call off Brexit. It was a recommendation, not a directive bound by law. For the financial health of Britain, the government needs to call off Brexit. I was right about the reversal of fortune regarding the economy, the 2005 police cuts being a bad idea, the urgency of securing the US trade deal, the NHS cuts needing to be avoided and now 10,000 have died this year because of it, the food shortages and the risky snap election issues I warned of well prior to them happening (I also predicted the the 2008 financial crisis in America). I am right about this as well. For the sake of Britain, call off Brexit. STORY SOURCE Airbus prepares to move from Britain over Brexit fears June 22 2018, 5:00pm, The Times - An Airbus A380 Airplane lands at Heathrow. The company employs 14,000 people in Britain. The government was today in urgent talks with Airbus after the aerospace company said it was on the verge of pulling investment from Britain over Theresa May’s stalled Brexit negotiations. In a move described by one senior Tory MP as a “wake up call”, Airbus, which generates £1.7 billion in tax revenues, warned it 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... BMW joins Airbus in Brexit warning 9 hours ago - The car giant BMW has followed plane-maker Airbus in warning about the consequences of Brexit uncertainty. BMW UK boss Ian Robertson says clarity is needed by the end of the summer. BMW makes the Mini and Rolls Royce and employs about 8,000 people in the UK. Earlier, Airbus, which employs 14,000 people in the UK, warned it could leave if the UK exits the single market and customs union with no transition deal. The UK government says it is confident of getting a good deal for industry. The customs union brings together the EU's 28 members in a duty-free area, in which they pay the same rate of duty on non-EU goods... Airbus, in its Brexit "risk assessment" published on Thursday, said if the UK left the EU next year without a deal - meaning it left both the single market and customs union immediately and without any agreed transition - it would "lead to severe disruption and interruption of UK production". The European plane-maker said the warning was not part of "project fear", but was a "dawning reality"... Airbus Warns It Could Quit UK Under A 'No-Deal Brexit’, Putting Jobs At Risk 21/06/2018 23:53 BST | Updated 19 hours ago - Aerospace giant employs 14,000 people in the UK. Aerospace firm Airbus has warned it could pull out of the UK with the loss of thousands of jobs in the event of a ‘no-deal’ Brexit. The firm, which employs 14,000 people at 25 sites across the country, said it would “reconsider its investments in the UK, and its long-term footprint in the country” if Britain crashed out of the single market and customs union without a transition agreement. Publishing a Brexit ‘risk assessment’ on its
website, the firm also called on the Government to extend
the planned transition period due to run until December 2020
if a deal is agreed, saying it was too short for the
business to reorganise its supply chain. If there was no
extension it would “carefully monitor any new investments in
the UK and refrain from extending the UK suppliers/partners
base”, it said... https://www.huffingtonpost.co.uk RELATED ARTICLES British Prime Minister Theresa May And London Mayor Sadiq Khan In Danger Of Losing Election Votes Prime Minister Theresa May Yielding On Her Visa Ban Of Foreign Doctors The 2018 Council Elections Are A Bellwether Regarding Brexit |
.
|
|
© Copyright 2007 - 2016 Aisha. All Rights Reserved. Web site design by Aisha for Sonustar Interactive Aisha | Aisha Blog | Aisha Blog Archive | Goodison Trust | Sonustar | Sonustar News | Judiciary Report | Sound Off Column | Celluloid Film Review | Consumer News Reviews | Compendius | United Peace Initiative | Justice And Truth |
