Brexit warnings by Airbus and Siemens cannot be ignored

Major UK manufacturers know what they are talking about, unlike those clamouring for a no-deal exit

Empty threats, say Brexiters of the claims made by Airbus and Siemens that plans are under way across industry to slash investment budgets and possibly close factories should the UK quit the European Union’s single market and customs union on 29 March.

Worse than that, Mark Francois MP, an arch Tory Brexit campaigner, says it amounts to bullying. He said Airbus’s German boss was guilty of “Teutonic arrogance”.

Related: How has Brexit vote affected the UK economy? January verdict

Related: Global slowdown threatens to worsen impact of no-deal Brexit

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