Toyota’s announcement on ‘Brexit’ shows the way forward

The news that Toyota, one of the main Japanese car manufacturers based in Britain, has pledged not leave the UK on ‘Brexit’ should be celebrated as the first step for companies in that sector realising that job survival is not linked to UK membership of the EU.

It marks another step on the road to businesses openly conceding that UK business would be better off outside the EU, free from regulation that has restricted the UK’s economic potential. Indeed, some companies, including the well known construction giant JCB, have already openly said that the UK leaving the EU would help lift the “burden of bureaucracy” that holds their business activities back.

This includes trade deals with other nations, which are negotiated at EU level. Outside the EU, the trade deals that exclude certain industries critical to UK jobs growth could become a thing of the past. Free from EU regulations and restrictions, it shows that outside the EU the UK would be able to increase its job creation potential. This is echoed by entrepreneurs such as Sir James Dyson, who cite the UK’s increasingly restrictive immigration rules for those outside the EU as a reason to leave. Indeed, getting the best and the brightest brains from around the world (including outside the EU) will be critical to the UK’s investment and innovation in the future.

Toyota’s announcement shows that car manufacturers have nothing to fear by the UK leaving the EU. Supply chains are now global and so it is where the best people are that counts. It comes after another car manufacturer, Nissan, also announced a £100 million investment plan to go beyond the proposed date of the EU referendum, whatever the outcome of the vote. It shows that businesses have nothing to fear from the UK leaving the EU. It also illustrates that jobs can be created without the EU and that people should grab the chance for a brighter future by voting to leave the EU.

To illustrate this, former Secretary of State, Liam Fox MP, has produced an excellent video on the reality of Brexit: