Airbus to Invest £100 Million in Broughton Plant #DespiteBrexit

Airbus has announced new plans to invest £100 million in beefing up its Broughton manufacturing plant over the next few years, creating more than 500 jobs at the site as the company ramps up aircraft production as it emerges from the pandemic. We have take-off…

This will be a bit of a surprise to those who believed the Remain campaign’s scaremongering. Guido’s old enough to remember when Will Straw, executive director of “Britain Stronger in Europe”, paraded around with the company’s UK’s president to scaremonger about Brexit and act as though leaving the EU would send the country into a tailspin:

“The success of Airbus Group’s operations in the UK, which depend on European industrial organisation and integration, are a clear demonstration of the economic benefit the UK receives from EU membership. If the UK exits the EU, there are likely to be significant changes to the regulatory and economic environment with subsequent impacts on our competitiveness.”

Airbus even donated to the losing anti-Brexit campaign, George Osborne would tour the Airbus facilities, hard hat and high-vis jacket and all, to pretend the UK’s access to the single market was what allowed all that investment to happen. In an interview with Andrew Neil, he even brandished a part from a plane wing and claimed those parts might not even be manufactured in the UK if we left the EU. He sat there bickering with Neil, prop in hand, acting as though the planes might fall out of the sky without access the single market. The lies they told…

mdi-timer 6 May 2022 @ 12:02 6 May 2022 @ 12:02 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
London Still World’s Top Financial Hub Despite Brexit

Despite the supposed woes of Brexit, London is still the top overall destination for financial services worldwide – including as the leading foreign exchange trading centre – according to a new report by the City of London Corporation. Beating other cities to the crown – including New York, Singapore, and Paris – thanks to an “unmatched international financial reach” across 95 metrics…

The City was once again found to be Europe’s top destination for financial services investment, and was given an overall competitiveness score of 61, with New York 3 points behind at 58 and Singapore on 53. Paris, meanwhile, scored just 41…

Once again proving London is still a global leader in finance and commerce, despite repeated warnings that all this would come crashing down once we left Europe. Two years on, and that supposed exodus of talent is yet to materialise…

mdi-timer 28 January 2022 @ 12:11 28 Jan 2022 @ 12:11 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
OECD Says UK Headed for Best Growth in G-7 in ’21 & ’22

The OECD is forecasting 4.9% GDP growth for the UK next year, the fastest in the G-7. Growth this year will be better than the OECD previously estimated at 6.9% rather than 6.7%. Guido looks forward to how doomster remainers explain this…

As well as the prospect of two years of back-to-back surging growth, it is worth noting that the pound is now higher than it was before the referendum, foreign direct investment in the UK is still massively out-performing our continental rivals and the unemployment rate in the UK is half that of the Eurozone. Thanks to Brexit!

mdi-timer 21 January 2022 @ 15:13 21 Jan 2022 @ 15:13 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
UK Storms Ahead of Europe in Tech Investment #DespiteBrexit

According to new data from Atomico, the UK is storming ahead of Europe in tech venture capital investment, with the number of ‘unicorn’ companies – start-ups with valuations exceeding $1 billion – across Britain and Europe now sitting at 321, and over 100 of those companies having been created in the UK. Germany and France are lagging way behind with 51 and 31 respectively…

The amount of cash being pumped into British tech firms has skyrocketed in the last 12 months, with London-based businesses taking in the most capital with over $18 billion – more than Berlin and Paris combined. Cambridge has also been crowned the “unicorn capital of Europe” in recognition of its “high concentration of talent” and the number of inhabitants per business created. More cash, more companies, more jobs…

mdi-timer 7 December 2021 @ 16:30 7 Dec 2021 @ 16:30 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Shell Moving HQ From Netherlands to UK #DespiteBrexit

Royal Dutch Shell has this morning announced it will move its global headquarters and tax residency from the Netherlands to the UK. In a major shakeup that will also see the energy giant scrap its dual share structure in favour of a single class of shares – and drop “Royal Dutch” from its name – the company confirmed it would vote to implement the measures at a shareholders’ meeting on 10th December. Guido’s old enough to remember the New European opining both Shell and Unilever should “take advantage of lower corporate taxes in the Netherlands” post-Brexit…

Speaking this morning, Business Secretary Kwasi Kwarteng called the move “a clear vote of confidence in the British economy” that would “strengthen competitiveness, attract investment and create jobs”, with Shell Chairman Andrew Mackenzie adding that the plans would allow the company to “strengthen [its] competitiveness and accelerate both shareholder distributions and delivery of its strategy to become a net-zero emissions energy company”. The Dutch government, meanwhile, called the move “an unwelcome surprise”…

mdi-timer 15 November 2021 @ 10:18 15 Nov 2021 @ 10:18 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Premier Inn Attributes Rising Wages to Brexit

Premier Inn owner Whitbread is coughing up an additional £12-13 million on higher staff wages and bonuses following persistent Brexit induced staff shortages. Whitbread is keen to employ an additional 2,000 staff to add to their 30,000 existing headcount and had announced a pay increase for hourly-paid staff at the start of October. However a strong post-Covid bounce has, according to Whitbread, put Premier Inn in a position to pay higher wages. Previously, passionate remainers keeping tight-lipped about this development… 

Chief executive Alison Brittain said:

“Whitbread traded significantly ahead of the market in the UK during the first half of the year.

“The operating environment during the summer and into autumn has been challenging largely as a result of our very high occupancy levels, market-wide supply chain issues and a tighter labour supply in the hospitality sector.”

It seems thanks to Brexit, Premier’s Inn’s staff might be sleeping more soundly than their customers…

mdi-timer 26 October 2021 @ 10:56 26 Oct 2021 @ 10:56 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
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