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EU exit would risk jobs, says group of business bosses

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    EU exit would risk jobs, says group of business bosses

    The presence of Rolls Royce in Berlin continuing would be interesting. Having worked there more often than not you could see that a number of jobs in Derby being for the off. RR have spent millions developing the site.



    EU exit would risk jobs, says group of business bosses - BBC News

    EU exit would risk jobs, says group of business bosses

    The prime minister says his only agenda is what is best for the country
    Leaving the European Union would threaten jobs and put the UK's economy at risk, leaders of some of Britain's biggest companies have said.

    Bosses - including those of BT, Marks & Spencer and Vodafone - signed a letter published in the Times, saying an EU exit would deter investment in the UK.

    Leave campaigners point out two-thirds of FTSE 100 firms, including Tesco and Sainsbury, did not back the letter.

    A referendum on whether the UK should stay in the EU will be held on 23 June.

    The UK's EU vote: All you need to know
    Remain v Leave: Where Conservatives stand
    Corbyn attacks 'theatrical sideshow'
    EU vote: Is UK safer in or out?
    In a move described by No 10 as "unprecedented", chairmen or chief executives of 36 FTSE 100 companies signed the letter backing the campaign to stay in the EU, including Burberry, BAE Systems and EasyJet.

    The FTSE bosses were among a total of 198 signatories from the business world, including the chief executives of Heathrow and Gatwick airports.

    However, nearly two-thirds of the UK's largest publicly listed businesses did not sign and the BBC's economics editor Kamal Ahmed said there were some notable absentees among them, such as the bosses of Tesco, Sainsburys, RBS and Barclays.

    Analysis by the BBC's assistant political editor Norman Smith

    Trader in the City of London watches FTSE 100 indexPA
    The letter by the bosses of some of Britain's biggest companies has been cited by Number 10 as evidence that business shares the prime minister's concerns over the risks involved in leaving the EU.

    However, two thirds of FTSE 100 companies have not signed, with Leave campaigners insisting this demonstrates that business opinion is much more divided and that small business is much more sympathetic to their case.

    There had been speculation up to half of FTSE 100 companies could be poised to support the prime minister. Number 10 deny any disappointment at the number - arguing that major companies often have to follow lengthy procedures before publicly endorsing a political campaign.

    Meanwhile Mr Cameron will today begin the first of a series of national tour days, with a visit to Berkshire to sell his message to voters. The move is designed to reach beyond Westminster and the emerging divisions with the Tory Party.

    Number 10 this morning sought to play down warnings of potential civil war inside the party. A source said: "There's no reason this can't be done in a civil way."

    However, writing in the Daily Telegraph, the former Tory leader William Hague warns the divisions over Europe could "open wounds that take a generation to heal".

    He also pointed out that Brexit campaigners claim smaller businesses are "much more sceptical" about the advantages of staying in the EU.

    The letter - organised by the Britain Stronger in Europe campaign and Downing Street - said the PM had secured a commitment from the EU "to reduce the burden of regulation, deepen the single market and to sign-off crucial international trade deals".

    They wrote: "Business needs unrestricted access to the European market of 500 million people in order to continue to grow, invest and create jobs."

    "Britain will be strong, safer and better off remaining a member of the EU," they added.

    John Holland-Kaye, the chief executive of Heathrow airport, denied he had been pressurised into signing the letter, saying his company wanted to get the message across that the EU had "opened up the aviation market and reduced the cost of flying".

    "Lower costs of flying mean we can go on holiday more easily, we can go on business more easily - so whether you are going on a stag night or exporting there is a real benefit of being part of the EU," he told the BBC News Channel.

    'Bullying'

    But Richard Tice, co-founder of Leave.EU, said Downing Street had admitted using taxpayers' money and "applying pressure" on FTSE chairmen and chief executives to sign the letter.

    Flags outside the European parliamentGetty Images
    David Cameron has secured a commitment from the EU "to reduce the burden of regulation", business leaders said
    Alan Johnson
    Labour's Alan Johnson will warn thousands of apprenticeships could be at risk in the event of Brexit
    "The truth is that despite the bullying of a prime minister who has no real business experience, it is other normal commercial factors which will determine the continued success of British businesses to invest and grow," he said.

    And Vote Leave, another group campaigning for EU exit said it was "disappointing to see the prime minister resorting so quickly to trying to scare people into voting for his deal".

    Meanwhile, senior figures from both sides of the debate will begin their campaigning ahead of the referendum on 23 June.

    Former Labour home secretary Alan Johnson is due to warn that two thirds of British jobs in manufacturing depend on demand from Europe and leaving could put up to 50,000 apprenticeships at risk while the chairman of Vote Leave, Conservative peer Lord Lawson, is expected to set out the economic case for leaving in a speech at Chatham House.

    'Punchy campaign'

    Mr Cameron has said he will travel to all parts of the UK to make his pro-EU case in what he has said will be a "punchy" campaign.

    Sources say they believe Mr Cameron's key arguments on jobs, prosperity and national security will resonate more with voters, who are less interested in the detail of his European deal.

    Divisions in the Conservative Party were laid bare during a debate in Parliament on Monday, when a succession of Tory MPs questioned the substance of the PM's agreement with EU leaders - announced on Friday.

    More than 100 Conservative MPs want to leave the EU - including five full cabinet ministers and Mayor of London Boris Johnson.

    Mr Johnson asked how the deal negotiated would "in any way" return sovereignty to the UK, while Tory backbencher Jacob Rees-Mogg said the EU was a "failed" body and the UK should "make our own path".

    According to BBC research, 142 Tory MPs will campaign to remain in the EU, 120 to leave, while 68 have yet to make their positions clear.

    The overwhelming majority of Labour MPs back continued EU membership as do the SNP, Plaid Cymru and the Liberal Democrats but the Democratic Unionists and UKIP are opposed.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

    #2
    What do RR get from Berlin that they do not get from Derby? (actually thought they were pushing investment to Singapore)
    How fortunate for governments that the people they administer don't think

    Comment


      #3
      IN campaign - Project Fear

      OUT campaign - Project Fear



      None of them can be bothered to explain the advantages of their position. For example the IN campaign could easily explain what the EU has done for ordinary people but they can't be ******* bothered. (I can think of a few things.)
      There as the OUT campaign can't be bothered to explain with detail why being in the EU is a disaster and keep confusing the ECHR with the EU.
      "You’re just a bad memory who doesn’t know when to go away" JR

      Comment


        #4
        EU exit would risk cheap labour, says group of business bosses
        FTFY
        Always forgive your enemies; nothing annoys them so much.

        Comment


          #5
          Whether a business wants to be in the EU or not depends on whether they:
          1. require cheap labour e.g. retailers, farmers, meat processing
          2. export into the EU e.g. cosmetics. luxury shoe makers, Brompton bikes
          3. need a licence to cover the entire EU e.g. investment, patent lawyers

          They aren't mutually exclusive.

          In regards to the farmers they actually prefer that less countries were in the EU because once a country enters it, their workers don't want to be transient labour.
          "You’re just a bad memory who doesn’t know when to go away" JR

          Comment


            #6
            I think the easy response to this is that the BoE will just print more money, so domestic consumers can buy up the stuff that Britain no longer exports. I mean those poor communities need tyres to burn, right? Simples!

            Comment


              #7
              Originally posted by Troll View Post
              What do RR get from Berlin that they do not get from Derby? (actually thought they were pushing investment to Singapore)
              Skilled/graduate engineers.

              Plus most speak two languages. That includes UK engineers. You can study engineering in Berlin in English without fees and walk into a job at RR Berlin. So they're without debt for starters. Accommodation is cheap. Income is awesome.

              In the UK an engineer is someone who fixes the boiler. The Germany it is someone who drives the economy.

              https://www.theengineer.co.uk/the-sk...rtage-paradox/

              But the latest state-of-the-nation report from EngineeringUK highlights some even more intriguing – and worrying – paradoxes within this problem. Despite a major government drive, the number of young people taking advanced level engineering apprenticeships is falling and the overall number of apprentices is almost flat.
              "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

              Comment


                #8
                Originally posted by SueEllen View Post
                Whether a business wants to be in the EU or not depends on whether they:
                1. require cheap labour e.g. retailers, farmers, meat processing
                I really don't agree. This engineer could never earn the same back in the UK. If anything wages in UK I'd be paid or am offered were the same as I was charging in 2004. It's mad. Engineering labour is miles more cheaper in the UK than it is in the EU.
                "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                Comment


                  #9
                  Originally posted by Troll View Post
                  (actually thought they were pushing investment to Singapore)
                  I'm surprised you did not already know. They've been transferring manufacturing effort from Derby to DE over the last 5-years and no one in government blinked an eyelid. Perhaps something to do with the fact they're no engineers in parliament.

                  Rolls Royce cars, now owned be BMW. And most the aerospace business is becoming that way. Although it's still a British company it's practically all German already


                  Rolls-Royce investiert Millionen in Dahlewitz bei Berlin - Berlin - Aktuelle Nachrichten - Berliner Morgenpost


                  05/24/2015, 14:19
                  ENGINES
                  Rolls-Royce invested millions in Dahlewitz near Berlin

                  Photo: Rolls-Royce Germany / Rolls-Royce
                  0 0
                  By Björn Hartmann
                  The company Rolls-Royce manufactures in Dahlewitz south of Berlin engines for aircraft - and is working on the engine of the future. The location is becoming increasingly important.

                  It will be built again. In November they have here only inaugurated this great 100 meter long hall, where the engines are tested for aircraft such as the A380, a 90-million-euro investment, and now turn again the cranes on the grounds of Rolls-Royce in Dahlewitz south of Berlin. This time the British company invests EUR 65 million in a research and development center. 200 engineers are here one day work to ensure that the Rolls-Royce engines are more efficient.

                  After all, the more efficient the engines, the less fuel need an airplane. And the sooner can an airline their newly ordered aircraft with engines from Rolls-Royce equip. "You can make an aircraft more economical only in three ways: better aerodynamics, less weight and more efficient engines," says Rainer Honig, since February, one of the three managing directors of Rolls-Royce Germany and successor Karsten Mühlenfeld, who joined as head of the Berlin Airport Company ,

                  Everything revolves around this air. to allow even more air through the engine, means more thrust. Or: lower fuel consumption at the same thrust. "Our biggest engines currently have a diameter of three meters," says Honig. "And they are even greater." This places some demands on technology and just making those 65 million euros needed, the Rolls-Royce invested in the research center.

                  Demands on materials and technology are high

                  An engine is very simplified into three parts: the fan, which can be seen from the front and carries the air into the engine, the core engine in the middle, which provides the energy, and a turbine at the end that drives the blower. The problem: The turbine is running faster than the wind. There are already gearing solutions, but not to the large scale, the Rolls-Royce to introduce. In addition, large aircraft engines, the company is building previously without gears, unlike rival Pratt & Whitney of the United States.

                  "We are developing something completely new," says Honig. The requirements for material and technical implementation are high: "There go 50 megawatts through the transmission." This is about the power of 120 Formula 1 racing cars. Or what seven of the largest Siemens offshore wind turbines currently afford. Of these, a power up to 7000Haushalte with electricity. What they develop here in Dahlewitz, is probably built into the next-generation of engines.

                  Managing Hönig compares the development of engines with the development of a drug: high investment, very strong regulation because of the security, highly complex relationships. "Research and development take up to ten years, to be the product development to the market come in three to five years. Then 15 to 20 years will be produced and supported another ten years with service and spare parts." This results in a product cycle of 40 to 50 years.

                  Space for expansion and close to Berlin

                  The development center would of course can arise at another site in the Rolls-Royce Group. But Dahle witzer have prevailed in the internal competition. "Rolls-Royce is growing, we need more capacity," says Honig. That is because investing in Dahlewitz has a lot to do with the location. "Just perfect," said Honig, "space for expansion and also near Berlin with his appeal, who will appreciate the international staff that way." In addition, the federal government was near. That was top in this combination. Beginning of the 90s was to have been very far-sighted.
                  "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                  Comment


                    #10
                    The big corporates love the EU. The more laws and bureaucracy that can be produced by them the less likely it is that SMEs will grow to challenge them.
                    Let us not forget EU open doors immigration benefits IT contractors more than anyone

                    Comment

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