Economist (January 11)
“The industries that will suffer most from new regulatory barriers to frictionless trade are those like aerospace, cars, chemicals, food and drink, and pharmaceuticals that rely on uninterrupted supply chains across Europe. They are concentrated in the midlands and north—exactly where Mr Johnson won his new Tory majority. If his weakness in the negotiations causes him to lose favour in those areas, his new domestic strength will be at risk.”
Tags: Aerospace, Brexit, Cars, Chemicals, Drink, Europe, Food, Frictionless trade, Johnson, Pharmaceuticals, Regulatory barriers, Supply chains, Tory, Weakness
The Economist (October 13)
“The decision made on October 10th by Britain’s BAE Systems, the world’s third-biggest defence firm, and EADS, the Franco-German owner of Airbus, to call off their proposed €38 billion ($50 billion) merger is a bitter blow both to the two companies and to hopes for the emergence of a more integrated European defence and aerospace industry.” Ultimately, it was Angela Merkel who blocked the deal and this was unfortunate. “Germany was wrong to stand in the way of a more integrated European defence and aerospace industry.”
