Theresa May, the Prime Minister of the United Kingdom, gave a speech on Monday at the Farnborough International Airshow to reassure guests that her plan for the United Kingdom’s imminent withdrawal from the European Union would protect millions of jobs in the aviation industry. Mrs. May stated in her speech that the establishment of a “common rule book” with the European Union for goods and customs would make it possible for businesses to engage in “frictionless” trade after Brexit. She also announced that she would be providing an additional funding of £343 million for research and development, which would include money for new “cleaner and greener” electric aircraft technology. commitment to avoiding ‘friction’ at the border It was claimed by Mrs. May that “we can all feel extremely proud of our position as a leading country in the aerospace industry.” Through a strong collaboration between the government and industry, we have guaranteed that we continue to be at the forefront of civil aviation and that our air power is unparalleled. Today, I want us to build on it, and I want to make sure that we not only keep our prominence, but that we also make the most of the chances that are waiting for us in an industry that is becoming more competitive. At the same time that she stated that her government’s goal was to create “an open, outward-facing Britain that acts as a global champion for free trade,” she went on to say that “our proposal sets out the right deal for the UK – honoring the democratic decision of the British people, protecting the integrity of our precious union, supporting growth, maintaining security, and safeguarding British jobs.” She noted the concerns that were raised by those working in the aviation sector, which said that “friction at the border would… jeopardize the uniquely linked supply chains and just-in-time operations on which millions of jobs and lives rely.” She went on to say that the criteria that we are looking for are as follows: “the frictionless free trade of products, an autonomous trade policy, the avoidance of a hard border between northern Ireland and Ireland and between northern Ireland and Britain.” a positive response from the aviation industry among those to signal approval of the prime minister’s speech was ads chief executive paul everitt, who said for the industry body: “this is a strong statement of intent that will help build confidence and encourage investment as we look to make sure the uk benefits from sustained global growth in this high-value manufacturing industry. “the international political, military and business leaders visiting farnborough will be reassured by last week’s brexit white paper and are keen to hear more about the uk’s post-brexit ambitions.” This weekend marks the continuation of the Farnborough International Airshow, which will include more than 600 exhibitors and 150 aircraft, as was indicated in our previous blog article here at tarcg. Those who are interested in attending may now make reservations for tickets on the official website of the airshow.
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