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British manufacturers are being forced to build up financial buffers in preparation for a no-deal Brexit as the cost of stockpiling goods and materials puts companies under strain.
Carmakers are ramping up their preparations for a no-deal Brexit, with a host of major manufacturers moving regulatory approval for their vehicles from the UK to other parts of Europe.
No-deal outcome to hurt every UK region with northeast England hit hardest, study predicts
22/01/2019
Areas more heavily reliant on exports and manufacturing likely to be most severely damaged, Confederation of British Industry finds.
UK car production collapses 18% as industry warns of 'clear and present danger' from no-deal Brexit
28/02/2019
Car companies paying additional and potentially pointless costs every day that leaving the EU with no deal remains on the table, says trade body.
British factories slashed jobs in February and braced for Brexit by stockpiling goods at the fastest pace seen in any Group of Seven country since records started in the early 1990s, a survey showed on Friday.
Manufacturing job losses 'at six-year high'
01/03/2019
UK manufacturers are cutting jobs at the fastest pace for six years with confidence in the sector hit by Brexit uncertainty, according to a closely-watched survey.
"Our sector faces major challenges in accessing the right talent, skills and labour. As the Industrial Strategy states, the manufacturing sector is one of those most likely to need people skilled in science, technology, engineering and maths."
Industry has now declined for nine consecutive months.
Revoke Article 50 if deal fails, Theresa May urged: Manufacturers seek end to ‘damaging short-term decisions’
06/04/2019
Manufacturers are calling on Theresa May to revoke article 50 if she can’t strike a Brexit agreement next week, in the latest sign that the looming possibility of Britain leaving the EU without a deal is hammering confidence in the sector.
With investment down 80% in past three years, industry faces ‘death by a thousand cuts’.
Growth slows as overseas companies buy elsewhere amid uncertainty, survey suggests. / Britain's manufacturing sector suffered a slowdown in growth in April as Brexit resulted in an acceleration of foreign firms shunning the UK and sourcing goods from elsewhere.
Bombardier destroys bluster of Brexiteers
04/05/2019
Fantasy world meets reality of a UK industry deeply embedded in EU economy. / Bombardier has put its Belfast plant up for sale, in the process putting a question mark against the 3,600 jobs in the North’s largest private-sector employer.
They are one of the biggest employers in Wales, but chief executive Tom Enders said the handling of Brexit was 'a disgrace' and urged people not to listen to 'Brexiteers' madness'
Industry is being undermined by 'incompetent government and its threats of a no deal', says trade body. / The number of cars built in the UK in April plummeted by almost half compared with a year ago, figures reveal.
Car production fell 45% in April. / A move to temporarily halt car production in the runup to the original March 29 Brexit deadline slashed UK car production in April by almost half – the largest amount since Britain was in the midst of a recession.
Some in Tory leadership race ready to go against warnings of major business lobby groups.
Signs that European customers are “abandoning” UK firms are starting to show after British manufacturing recorded the steepest downturn in almost three years.
A "dramatic" fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April, official figures show.
Industry draws link between politicians’ talk of crashing out of EU and firms losing clients. / A no-deal Brexit will be “commercial suicide” with tens of thousands of jobs already lost in the UK because of the political uncertainty, manufacturing representatives have said.
As the possibility of a no-deal Brexit scenario increases, and the government publishes its “no-deal preparedness” notices, it is worth taking stock of the sheer variety of problems that would arise with a no-deal Brexit – and the devastating consequences that would arise from such a legal limbo. Here’s what we know so far.
Jacob Rees-Mogg has put his name to an “Economists for Free Trade” (EfT) report claiming a no-deal Brexit would bring a £1.1 trillion boost to the British economy over the next 15 years. This is pure fantasy. The overwhelming consensus amongst economists is that quitting the EU with no deal would be a disaster on a truly magnificent scale.
Hostile immigration policies will do untold damage to the UK’s manufacturing industry. It is baffling that the government is willing to implement such a strategy, says Lord Bilimoria.