Tuesday, 16 January, 2018

Hard Brexit 'could cost 14000 jobs' at German auto suppliers

David Davis and Philip Hammond Image David Davis and Philip Hammond wrote a joint article for a German newspaper
Pablo Mccormick | 13 January, 2018, 03:28

The report models five possible scenarios for leaving the European Union, warning the worst option could result in a "lost decade" for the British economy.

According to an economic forecast he commissioned from Cambridge Econometrics, as many as 87,000 jobs would go in London alone.

"No deal" would hit hard the financial and consulting industries, resulting in the loss of 119,000 jobs.

Marriott Draws Chinese Ire By Listing Hong Kong, Taiwan As Countries
The company's Chinese website was replaced with a similar statement, adding it was only taking reservations over the phone. Marriott apologized profusely, saying it respects and supports the sovereignty and territorial integrity of China .

"If the government continue to mishandle the negotiations we could be heading for a lost decade of lower growth and lower employment", said Khan.

"The analysis concludes that the harder the Brexit we end up with, the bigger the potential impact on jobs, growth and living standards".

In a statement, Khan accused the government of a "complete lack of preparation" in assessing the impact of Brexit, and urged ministers to change their negotiating position and agree to remain in the single market and customs union.

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Over 14,000 jobs have been put at risk out of 42,500 odd jobs in the German auto industry over concerns of a Hard Brexit, according to a report filed by consulting firm Deloitte on Thursday.

"I've released these impact assessments because the British people and our businesses have a right to know the likely impact of the various options the Government are considering on their lives and personal finances".

A stand-off between Britain and the European Union over the future access to single market for London's vast financial services industry is shaping up to be one of the key Brexit battlegrounds before Britain is due to leave the bloc in March 2019. "The completion of the first phase of the talks must have given them confidence", he added. Khan was an adamant remainer throughout the Brexit campaign.

Trump to let states require employment for Medicaid
A study in December in JAMA Internal Medicine found that about half of the Medicaid recipients in MI were already working. CMS officials said they did not have any estimates on how much Medicaid enrollment would drop as a result of the policy.

German automobile industry could expect a loss of up to 3.8 billion euros (4.6 billion US dollars) in the Brexit year, because of the close interdependence of the suppliers with carmakers in Germany, Britain and other European Union countries, said the report named "hard Brexit and supply chain".

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