• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
  • Guest Content
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Business

In numbers: UK jobs lost to Brexit so far this year

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”. […]

Jack Peat by Jack Peat
2018-06-22 12:46
in Business, News, Politics
FacebookTwitterLinkedinEmailWhatsapp

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,

  • Jaguar Land Rover is set to cut 1,000 jobs due to Brexit ‘headwinds’, with the West Midlands (a staunch Brexit-voting region) bearing the brunt of the cuts.
  • PoundWorld was unable to secure the jobs of its 5,100-strong workforce.because of Brexit-linked inflation.
  • HSBC and UBS are to shift 1,000 jobs each from UK in Brexit blow to London
  • A former UK financial district leader has predicted 75,000 Brexit job losses elsewhere.
  • The chief executive of JP Morgan said it could cut its 16,000 UK workforce by more than a quarter if financial rules diverge after Brexit.
  • EasyJet jobs could go after it applied for a new air operator’s certificate (AOC) in Austria to allow it to continue flying in the European Union after Brexit, setting up a headquarters in Vienna.
  • Siemens has warned time is running out to secure a Brexit deal.
  • Unilever is moving corporate headquarters to Rotterdam, even though it has claimed the decision is not Brexit-related.

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.

RELATED 

https://www.thelondoneconomic.com/opinion/the-brexit-undertones-of-the-eus-impending-anti-tax-avoidance-legislation/21/06/

Content Protection by DMCA.com

RelatedPosts

WATCH: Lady spends 2 mins absolutely eviscerating the Tories on EVERYTHING

Concerns Poole Harbour oil leak still poses ‘significant threat’

Giant puppet Little Amal leads walk in Brighton

Commons Leader tells MP to ‘check his behaviour’ over conspiracy claims

Please login to join discussion

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending

Elevenses: Exposing the Tories’ Deepfake Illegal Immigration Bill

Elevenses: Rishi’s Finest Hour

Elevenses: Fear and Loathing in the New Conservatives

More from TLE

Leavers wittingly forget about the transition period on day one of Brexit

Film Review: Three Thousand Years of Longing

Watch Boris Johnson accidentally make the case for remaining rather than leaving with his Brexit deal

Gammon and the egg: 20,000 people sign petition over gay kiss in Cadbury advert

UK Weather forecast, Wednesday 3 November 2021

Parliamentary Sketch 10th December – #Cleggmustgo…to Cornwall

108 Brasserie announces daily vegan specials to be served throughout Veggie Month

Restaurant Review – The Game Bird at The Stafford

‘Question Time’ Tory voter who raged about tax credits cuts joins Labour

‘We’re NOT for sale’ – Denmark to Trump over Greenland, ‘This is final proof, he has gone mad’

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.