Airbus chief warns firm could quit the UK if Government can’t seal a Brexit deal
The aerospace company says it could move its investment away from Britain and into China, the US or elsewhere in Europe following stalled Brexit talks
AEROSPACE company Airbus could pull investment from Britain following stalled Brexit talks.
The European company generates £1.7billion in tax revenues but is considering whether to ditch plans to build aircraft wings at British plants.
If that happens production could move to China, the US or elsewhere in Europe.
Tom Williams the chief operating officer of Airbus said: “In the absence of any clarity we have to assume the worst-case scenario.
“It is the dawning realisation that we now have to get on with it.”
The company employs 14,000 people and supports a further 110,000 jobs within its UK supply chain.
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It puts tens of thousands of jobs at risk but states that it would ‘reconsider its footprint’ if Britain crashed out of the EU without a deal, according to an internal risk assessment.
Airbus has factories in north Wales, Stevenage, Portsmouth and Bristol, allegedly revealed that they delivered private warnings to Theresa May three weeks ago.
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