Their could be hundreds of jobs lost according to one MP if we get a No Deal!
Some 900 jobs could be at risk should there be a No Deal on Brexit from the oil refinery sector according to Grimsby MP Melanie Onn.
The French company Total, has given the prediction because of the fear of cheap imported American petrol coming into the UK market.
Melanie Onn was quoted as saying: “Total Lindsey Oil Refinery contacted me this week to warn me about the risk, in the event of no deal, of the equivalent of Chinese steel dumping but with US gasoline if we end up with zero per cent import tariffs.
“That will result in the loss or downgrading of up to 900 jobs in my area. Does he agree that that would irrevocably damage our local economy?”
Melanie Onn last Wednesday voted to force the Prime Minister to extend Article 50 to avoid a no-deal situation
In a letter to Cabinet member Mr Fox, she also wrote: “The domestic production of gasoline provides millions of pounds of value to the economy through employment, contracts and taxation.
“For example, Lindsey Oil Refinery close to my constituency provides good quality, well paid and aspirational employment to 400 people in our area and works with 500 local contractors.
“The impact of an undercut in price resulting from the zero per cent tariff could leave the future of this industry at risk and prove to be a false economy if the UK misses out on the economic benefits of domestic production.”
However Hauliers, other Transport businesses or fuel dependent companies may find this a welcome relief due to the increase in fuel costs over the last fuel years, it could also lead to greater competition within the petrochemical industry.
Let us know your thoughts is this a good thing for the area or something that should be avoided?