Search

Up to 1,700 jobs in Bexley under threat from ‘no deal’ hard Brexit

PUBLISHED: 16:50 01 February 2018

Mayor of London Sadiq Khan. Picture: Adam Davy

Mayor of London Sadiq Khan. Picture: Adam Davy

PA Wire/PA Images

Figures published today by the Mayor of London, Sadiq Khan, reveal the full impact that a ‘no deal’ hard Brexit would have on Bexley, with 1,700 jobs potentially under threat.

New data predicts that if the UK leaves the European Union in March 2019 with no deal on the Single Market, Customs Union or transition arrangements, there will be 105,000 jobs in Bexley in 2030.

However, if the UK was to remain in the Single Market and Customs Union, there would be 106,700 jobs in the borough.

The findings formed part of an analysis of the potential impact of five different Brexit scenarios on London and the whole of the UK, commissioned by the Mayor last year from leading economic analysts Cambridge Econometrics.

Mr Khan published the report last month, which revealed that in London alone, there could be as many as 87,000 fewer jobs by 2030, and the capital’s economic output could be two per cent lower in a ‘no deal’ hard Brexit scenario.

Today, the Mayor has published a borough by borough breakdown of the impact on employment.

Speaking about the impact that a ‘no deal’ hard Brexit would have in Bexley, the Sadiq Khan said: “Bexley residents and businesses will be shocked to learn of the huge economic risks – and human costs – at stake in the Brexit negotiations.

“It is up to the Government to secure a Brexit deal that protects Bexley from a decade of lower growth and fewer jobs.

“This analysis shows why the government should now change its approach and negotiate a deal that enables us to remain in both the single market and the customs union.”

The research showed that every Brexit outcome analysed would be bad for the British economy, but that the harder the Brexit, the more severe the economic damage could be.

Ben Gardiner, Director, Cambridge Econometrics, said: “Our analysis is particularly valuable to local leaders because it indicates the potential impact on employment and output of Brexit under a range of scenarios, which is necessary given the uncertainty surrounding the final outcome of negotiations.”

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Bexley Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Bexley Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Bexley Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Latest Bexley news

Friday, November 16, 2018

Christmas 2018 and the Northern Lights are welcomed to Bexleyheath on Saturday, November 17 with a spectacular mix of music and dance from stilt walkers to bhangra dancers, and acoustic artists to fire shows.

Friday, November 16, 2018

Now back from recording the second series of All Together Now, Brit School teacher and Bromley local Georg Tormann is now warming up for Christmas with his Beckenham-based choir.

Thursday, November 15, 2018

A Bexley artist has raised her concerns that a revamp of Hall Place will see the death of the art scene in the area.

Thursday, November 15, 2018

Wildlife enthusiasts are calling for “embarrassing” fly-tipping that is blighting marshland in Bexley to be cleared up.

Thursday, November 15, 2018

Dagenham and Rainham MP Jon Cruddas expressed concerns that an energy park in Bexley will lead to “toxic fumes” billowing across the Thames to the Rainham and Beam Park development area.

Wednesday, November 14, 2018

A Bexleyheath pub will be offering free gin and tonic today, in exchange for a very unusual currency - cake.

Tuesday, November 13, 2018

Cash-strapped Bexley schools have been writing to parents asking for money for supplies, according to a councillor.

Tuesday, November 13, 2018

MP for Bexleyheath and Crayford David Evennett was the guest of honour and speaker at an Armistice and Remembrance Commemoration held at the Bexleyheath Conservative Club on Sunday (November 11).

Most read news

Digital Edition

Image
Read the Bexley Times e-edition today
E-edition

Newsletter Sign Up

Bexley Times twice-weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Show Job Lists

Family Notices 24