Airbus and Ford have warned about potentially disastrous consequences of a no-deal Brexit. The planemaker’s CEO Tom Enders said Airbus would have to redirect its future investment and could not guarantee its UK factories could survive. He said a no-deal would mean Airbus having to make “potentially very harmful decisions” for the UK. Ford said a no-deal would cost it $800m in 2019 because of new costs and an expected fall in the pound. A spokesman said: “The government has made clear that we will be leaving the EU on 29 March 2019.
Airbus and Ford have warned about potentially disastrous consequences of a no-deal Brexit. The planemaker’s CEO Tom Enders said Airbus would have to redirect its future investment and could not guarantee its UK factories could survive. He said a no-deal would mean Airbus having to make “potentially very harmful decisions” for the UK. Ford said a no-deal would cost it $800m in 2019 because of new costs and an expected fall in the pound. Airbus employs 14,000 people in the UK and Ford employs 13,000.