Rolls-Royce Holdings PLC (RR.L) worries border checks after Britain leaves the European Union will disrupt its global supply chain and is looking at measures to offset the rise in national protectionism that it represents, a member of its executive leadership said on Wednesday.
Parliament’s Environmental Audit Committee (EAC) has again highlighted widespread concerns about how EU green regulations on chemicals will affect the UK post-Brexit, urging the government to act quickly to provide clarity and certainty to the domestic chemical manufacturing industry.
The amount invested by UK manufacturers in new plant and machinery has slowed to 6.5% of turnover, from 7.5% last year, according to a survey by EEF, the industry trade body, as companies press the pause button until there is further clarity on a Brexit deal.
Manufacturing firms’ building investment intentions are back down to their weakest in eight years, according to the CBI’s latest survey of the sector. Other surveys have indicated that uncertainty related to future trade arrangements after Brexit in 2019 is discouraging investment among firms.
Speaking to the Derby Telegraph, Simon Hemmings – Unite’s chief staff negotiator for Rolls-Royce in Derby – said the Government’s stance will have a devastating impact on jobs at Rolls-Royce’s civil aerospace campus in Sinfin.