Aerospace giant Airbus has confirmed that it will be looking to expand in the U.K. post Brexit. The change in tone from the company has followed Parliament’s passing of legislation that will pave the way for the U.K. to leave the European Union on January 31st.
The manufacturer currently employs more than 13,000 workers across a number of U.K. sites and issued a statement this week that conditions were now more certain following MPs backing Boris Johnson’s Brexit deal.
One of the most critical voices in the lead up to Brexit day, Airbus’ change of tune signifies a new reality in the business community – that Britain is definitely leaving the European Union, and that certainty over its future direction is lifting business confidence.
For more than 3 years, businesses have been uncertain as to whether Brexit would even happen, stockpiling goods after several Brexit deadlines passed, leading to large one-off costs and disruptions as Britain’s warehouses were stocked with spare parts to tie over manufacturers during a potential no-deal Brexit.
With Britain on a path to negotiate a comprehensive free-trade deal with the European Union, and remaining in the single market during the transition period, businesses for now have some time to prepare.