Jonathan Freedland writes: roject fear is becoming project reality. Each day brings new evidence of the dire consequences of Brexit. Sometimes it takes the form of a big company announcing that it’s moving operations from the UK to the continent, taking hundreds or thousands of jobs with it. It could be JP Morgan or Goldman Sachs or Samsung, depending on the day of the week.
Or it may be a plea from a key industry voicing its fears of a mismanaged departure from the EU. This week it was medicine and aviation. Eight pharmaceutical trade associations wrote a joint letter warning that the supply of “life-saving medicines” faces disruption, while UK airports cautioned that all flights to Europe could be suspended if there’s no deal to replace the EU “open skies” agreement.
A fortnight ago came figures showing that investment in the UK car industry had plummeted, with uncertainty over Brexit the culprit. Meanwhile, MPs are nervously realising that when they voted to trigger article 50 they also voted to leave Euratom, the body that safeguards the movement of nuclear materials. That’s scary enough, but if we’re outside Euratom medical equipment involved in x-rays and radiotherapy could be stopped at the border. [Continue reading…]