In the time leading up to the referendum the Remain campaign warned of the risks Brexit represented for British workers. Despite one of Vote Leave’s leading economists being on the record as saying Brexit would “mostly eliminate manufacturing” we were accused of scaremongering.
The remarks made this week by Carlos Ghosn, Chief Executive of Nissan, have shown the post-referendum reality facing companies.
“You can have commitments of compensation in case you have something negative. If there are tax barriers being established on cars, you have to have a commitment for carmakers who export to Europe that there is some kind of compensation.”
Although I voted Remain, I entirely accept the referendum result. It is now my responsibility to put pressure on the Government to act to secure the future of companies like Nissan in Sunderland. A number of solutions are possible but the bottom line is the Government need to get round the negotiating table immediately to remove the threat of 10% tariffs on all cars sold to continental Europe.