Derek Vaughan MEP has criticised the UK Government’s lack of Brexit planning after three big employers this week said they are concerned about their future and the US proposal to put a 25% tariff on steel.
“This week has been alarming for Welsh workers, to say the least, with big manufacturers warning they may need to stop production or shut up shop.” he said.
“Airbus warned it fears future customs and paperwork delays will make UK plants uncompetitive, Vauxhall says it may need to stop production until the Brexit terms are clear and Ford has warned that any sort of border restrictions or customs friction would be an inhibitor to them continuing to conduct business here.
“These are big employers in Wales. Airbus Broughton employs over 6,500 people, the Ford factory in Bridgend employs close to 2000 and many people travel over to the Vauxhall factory in Cheshire for work.
“To make things even worse, Trump’s threat to impose tariffs of 25% on imports of steel could mean real trouble for Tata Steel which employs 3500 in Neath Port Talbot, 1250 in Llanwern and Newport, 600 in Trostre, 200 in Caerphilly.
“The Leave campaign lied to voters, telling them they could reap the benefits of EU membership without respecting any of the rules and obligations.
“But the reality is becoming clearer as time passes. The pound has collapsed increasing inflation, the UK has gone from being the fastest growing to the slowest growing economy in Europe and we stand to lose jobs at our manufacturing bases.
“This is hard evidence that at the very least we need to remain part of the Customs Union and Single Market.
“Nobody voted to be worse off and politicians need to be honest about what is at stake and what is achievable.”
For more information or to organise an interview with Mr Vaughan contact:
+32 475 749 134.