Airbus: no deal on Brexit the end of the line

Sick of Brexit? Sick of the petty squabbles and the hysterical news papers, politicians spouting garbage for and against? Join the club.

The reality is slowly dawning on many people that the price could be – in some cases already has been – too high.

Airlines are hedging their bets and trying to cover every possibility- but there’s only so much they can do.

British technology and engineering keeps receiving blows – not least the loss of the European version of GPS that would have been based in Portsmouth, and is now to happen in France, with the U.K. mostly excluded from even using it.

And Airbus, the biggest aviation industry employer in the country, has again made it clear it cannot stay if there is no customs arrangement.

There are good reasons. If WTO rules enter effect because there are no customs arrangements in place, Airbus will have to pay expensive tariffs on components made in the U.K. being imported into the EU for final assembly.

These will add an average of 10% to prices. In an industry so competitively priced that’s simply not viable. It’s likely to be made worse by currency fluctuations. Airlines won’t pay the extra and why should airbus absorb it?

The loss to the U.K. would be 14,000 high paying aviation technology jobs spread across 25 U.K. sites.

European states will be tripping over themselves to get jobs like this and the infrastructure related to them.

The U.K. share of Airbus was sold off by a short sighted government years ago. It’s a commercial business that makes money. It would inevitably get massive inducements to move to mainland Europe.

Why would anyone help it to leave?