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Friday, March 24, 2023

UK’s Brexit delay becoming full economic crisis: aerospace group

UK's Brexit delay becoming full economic crisis: aerospace group© Reuters. UK’s Brexit delay becoming full economic crisis: aerospace group

LONDON (Reuters) – The delay in reaching an agreement on Britain’s scheduled March 29 exit from the European Union is turning into a full-blown economic crisis, the head of the country’s aerospace industry group said on Monday.

“Today we are able to track the very real economic damage being caused by a poorly managed political process of agreeing the Withdrawal Agreement and Political Declaration,” ADS Chief Executive Paul Everitt said.

“The continued delay is turning the UK’s political failure into a full-blown economic crisis.”

Earlier this month, Airbus said it would have to make “difficult decisions” about future investment if Britain leaves the EU without a transition deal to cushion the shock.

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Source: Investing.com

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