By Karla Adam and Karla Adam London correspondent covering the United Kingdom Email Bio Follow William Booth William Booth London bureau chief Email Bio Follow March 9 at 9:28 AM Britain is set to leave the European Union in less than three weeks — and it’s still not yet clear how it will exit, or whether its departure will be delayed, or if it will leave at all. From the board rooms to the factory floors, there is consensus: This is no way to treat the world’s fifth-largest economy.
Britain’s auto-manufacturing industry is in a swoon, with weekly announcements of job cuts at Jaguar, Honda and Vauxhall. The distress is related to an economic slowdown in China and Europe’s move away from diesel. But the absence of clarity on Brexit is also playing a role.Ahead of the 2016 referendum, many businesses campaigned to remain in the E.U., the world’s largest and richest trading bloc.
May warned Parliament on Friday that rejecting her deal again could mean “more months and years arguing. If we go down that road, we might never leave the E.U. at all.”“I don’t know anything, and I don’t know anything because they have left absolutely everything until the last moment,” said Charlie Allen, managing director of Shiner, a Bristol-based skateboard distributor that promises “guaranteed stock” and “timely replenishment.
Alexandra Renison, head of trade policy at the Institute of Directors, a lobbying group for business leaders, said a recent survey of its members found that a third had relocated part of their operations outside of Britain or were considering it. Almost all businesses in Britain are united against a no-deal Brexit. A coalition representing 190,000 companies has warned that crashing out would be “an unparalleled act of self-harm.”
Cross-border transportation companies have been among the most vocal about their fears over what happens next. “It’s extremely frustrating — the quality of information the British government has supplied to businesses is shockingly bad.”
Brexit.
However it goes, it's good to know the US is NOT the only country run by idiots...
Everyone - watch this debacle as it is the future of all border-less countries ~
British intrigue, I guess. Like Sherlock Homes says, 'Elementary, Dr. Watson, elementary'..
Enjoy your food shortages, Brits
The uncertainty is affecting us all on a personal level too. The stress levels are horrendous.
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