Part of 1. 1. Questions to the First Minister – in the Senedd at 2:07 pm on 5 July 2016.
I met with the president of Airbus in the week of the referendum. I know that the Cabinet Secretary has also met with Airbus. I have regular meetings with Airbus to listen to their concerns. All manufacturers are saying to me that they are concerned about access to the single market. They are European operations, and if the UK is outside of the market they sell in, there are consequences for investment in the future. It doesn’t mean that they could close them overnight—of course it doesn’t—but if you are an international company, you’re more likely to invest inside a market than outside it. That’s why it’s hugely important that we continue to have free access to the single market, tariff free. I cannot imagine what our Welsh lamb farmers will do if a 15 per cent tariff is imposed on the lamb that they produce and that is sold in the European market, which is why—of course, steel as well: the steel tariffs would be even higher—it’s vitally important that, regardless of the other issues, bearing in mind the way that people voted, access to the single market without tariffs remains.