LONDON (Reuters) - British Prime Minister Theresa May will on Monday seek to reassure aviation bosses that her under-fire Brexit plan won’t disrupt their supply chains, and promise that the industry will flourish as Britain leaves the European Union.
May’s words, to be delivered at the Farnborough Airshow south west of London, come at a crunch time for the prime minister as pro-Brexit lawmakers in her party threaten revolt over an EU exit strategy they say leaves Britain subject to Brussels’ rule. [nL8N1UB03P]
“We will take back control of our borders, our laws and our money. But we will do so in a way that is good for business and good for our future prosperity,” May will say, according to advance extracts of her speech.
Businesses have been getting increasingly frustrated about the lack of clarity over future trading relations less than nine months before Brexit day on March 29, 2019.
Airbus (AIR.PA), Europe’s biggest planemaker which employs around 15,000 people in Britain, warned earlier this month that if Britain left the EU without a deal - a so-called “hard” Brexit - it could result in production at its factories stopping and aircraft being grounded. [nL8N1U21E7]
At Farnborough, aerospace firms will be setting out wares from luxury jets to lethal drones, hoping trade tensions will not deter airlines from buying planes even as geopolitical uncertainty allows them to sell more weapons. [nL8N1UB09E]
Brexit is also likely to loom large in their conversations.
The prime minister will set out in
