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British Steel is the canary in the coal mine - we need to prepare now for the Brexit threat to jobs

The announcement that British Steel is to enter insolvency is the latest example of how uncertainty over Brexit is threatening livelihoods across the country. This does not just affect the 5,000 workers at Scunthorpe, but also a support staff of 20,000 across the whole supply chain. Sadly, many other firms face the same danger because of Brexit and the loss of European customers who are uncertain about future trading relations. One recent estimate put the economic damage Brexit has already inflicted on the UK at £600m a week. Try sticking that on the side of a bus. Meanwhile, leading business groups, including the British Chambers of Commerce, expect the economy to remain weak throughout this year as investment stutters, while major manufacturers from Airbus to BMW warn that a no-deal scenario could well force them to move operations and jobs abroad.

The Independent - May 23, 2019

View the full story here: https://www.independent.co.uk/voices/british-steel-brexit-jobs-europe-employment-nationalisation-bailout-a8925706.html