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00:00:00
>> Airbus, Europe's biggest plane maker has warned that it might abandon the United Kingdom entirely if it sees a bad deal when the country exists the European Union in March next year. Reuters Breakingviews columnist Aimee Donnellan is in London.>> I mean for a company like Airbus, its biggest concern would be a no deal Brexit.
00:00:19
That is sort of the catastrophic option for them because there is no, you would revert back to WTO rules. Everything that they have set themselves up for, any kind of regulation under Europe, that would all go out the window.>> But even a plan to split Britain more gradually away from the EU's market and dig into December 2020 might not satisfy the French based firm.
00:00:44
Airbus says that still wouldn't give them enough time to adapt their supply chain. Two years on from the Brexit vote, the aerospace giant isn't the only multinational that's scratching it's head.>> I think you will see some of the other manufacturers that are having to do business with Europe.
00:00:59
That idea of even some pharmaceutical companies. That if they are doing things where they need to move products to and from the UK, sometimes many times over, they need that to be really frictionless. So they will be coming out probably now and saying, over the next few weeks, we need clarity on this.
00:01:18
We need some sort of outline as to how we will operate in the UK post Brexit.>> Airbus employs 14,000 people in the UK, building wings for its jets. Its presence supports 100,000 further jobs. In a country where manufacturing has long been in decline, that means the plane maker is hard to ignore.