MillwallSean wrote:What this really means is higher costs and less competitive players in the UK. For aviation there are presently two players. One in the US and one in Europe. The UK supply chain is presently geared towards the European company. Hence, for us (my company) our UK production units will see higher costs. They need to be EASA certified and we have to move to ensure that such certification now takes place under a different regiment. The EU tends to stipulate that such certification takes place within the EU should the host nation not have an agreement that recognises the competency of the civil aviation regulators ability to certify parts etc from that territory (and even then, specific additions are expected) something Airbus/Boeing notices continuously.
We might then also have to pay an additional fee to be CAA certified. BUT that will come after we have gained EASA certification.
Some of you may remember the millions of dollars to certify 787-300 discussion from a decade ago and US has such high trade barriers its cheaper for Airbus to run assembly lines for large industrial goods in the states vs sticking to an EU production line.
https://www.seattlepi.com/business/arti ... 239464.php
Another example of what this madness will lead to. UK used to be the place to be when you wanted medicines certified in the EU. Te EU didn't just certify for the EU market but had and have deals with another 50 or so independent nations that accept EU certification (mainly Asia and Africa). The certification will remain the same just that it now needs to be undertaken within the EU of which soon the UK is no longer part.
My sister works for AstraZeneca in Cambridge. For their medical research testing facility they have had to duplicate what's in Cambridge and build an identical (slightly more modern) new facility outside Stockholm (at a site they abandoned 5 years earlier). This to the tune of 600 million (and I dont remember whether she said that was 600 million Euros, SEK or Pounds).
Humans are dumb. One group who thinks an island is powerful and still see the world through the lens of a long lost empire. Another that will smile and at the same time place costs on UK business all under the disguise of level playing fields - while not mentioning that most of their own production is outsourced to say Romania or Slovakia. Level playing field, hmmm...
Both Romania and Slovakia are in the EU so it is the same regulatory playing field. But, yes, it was well known that hard Brexit would make it more difficult for UK businesses to be competitive outside of the UK. The present UK Government, however, has accepted this trade-off and is telling the UK public to basically get used to it. I agree it defies economic logic but it is what it is. There is no vacuum in business and someone else will fill in the void whether it is in aviation, medicine, manufacturing or financial services (where it will be a real bloodbath with equivalence, clearing and so on).