Withdrawal Agreement Delay Risks Greater Damage to Confidence
The UK’s aerospace, defence, security and space industries will be increasingly concerned by delays in achieving a withdrawal agreement to govern the UK’s exit from the European Union.
Responding to this week’s European Council, ADS Chief Executive Paul Everitt said:
“Securing a withdrawal agreement and a transition period remains the highest priority for our industries.
“Further delay and uncertainty increases the damage to our economy, with investments on hold and contingency measures being implemented. The competitiveness of European industry is being impacted and future opportunities undermined.
“A disorderly Brexit is the worst possible outcome and I urge the EU and UK negotiators to show the flexibility, agility and pragmatism required to achieve a timely and successful outcome. Time is running out.”