The prospect of a chaotic no-deal Brexit is putting skilled manufacturing jobs and millions of pounds of investment in Bury’s local economy at risk, James Frith MP has warned.
The message came as Prime Minister Theresa May announced her resignation after she failed repeatedly to deliver a Brexit deal which commanded the support of MPs or the country. What will happen next with Brexit will depend on who emerges as the new Prime Minister and their willingness to compromise.
New analysis by GMB, the union for manufacturing workers, shows that the sector employs 7,500 people in Bury. Manufacturing wages are worth £367 million each year to the local economy. Bury’s manufacturing industry also supports a further 13,500 jobs in the wider economy, including in the supply chain.
One in five manufacturing employers plan on cutting jobs after Brexit, according to a 2018 survey, and the Bank of England recently warned that in the past 12 months ‘investment intentions fell sharply in manufacturing, mostly due to Brexit uncertainty.’
Commenting, James said:
“Manufacturing is a crucial part of Bury’s local economy – it is too valuable to risk throwing away through a chaotic no-deal Brexit.
“We should be investing in manufacturing, not running it down.
“I am campaigning to rebuild British manufacturing and take a chaotic no-deal Brexit – which would be so harmful to jobs and our economy – off the table.
“We now face further uncertainty following the Prime Minister’s resignation and the contest to replace her. I urge whoever emerges to lead the government to listen to British businesses and unions and compromise to avoid a no-deal or hard Brexit and reach a deal which works for Bury and Britain, with the people given the final say in a confirmatory vote.”