Avoiding a no-deal crash-out won’t stop Brexit wrecking our economy | Peter Mandelson

Leaving the EU is costing us billions – and this drain will continue until business gets some clarity on trading conditions

The news from Honda that it will be closing its Swindon factory in 2022 with the loss of 3,500 jobs follows a warning by Airbus that it could slash investment in the UK, and an announcement by Nissan that it is abandoning its commitment to make the X-Trail SUV in Sunderland. We all have to wake up to what’s happening in our country. Britain is losing billions every week because of the uncertainty surrounding the future of UK trade, investment is being shelved and businesses are shifting from Britain to the EU’s single market. Around £800bn of financial assets are being moved from the country ahead of Brexit.

Related: Honda's Swindon plant closure could lead to 7,000 job losses

Continue reading...

from The Guardian https://ift.tt/2BJywZg