Siemens' continued investment in Hull a sign of things to come in post-Brexit era

Published Jul 12, 2016

Mike_Hookem.jpgHull MEP Mike Hookem has welcomed the announcement from Siemens that they will continue to invest in the UK despite threats during the referendum campaign that Brexit would lead to job losses. The UKIP politician, who argued that Siemens would stay in the UK in the result of Brexit despite scaremongering from Labour politicians lead by Karl Turner MP, called the news "a welcome boost to local economies."

It follows the news of a multi-million-pound investment in the City by INEOS Oxide to expand its ethyl acetate production which Mr Hookem called "a sign of things to come in a post-Brexit era."

Mr Hookem’s comments come after INEOS said the decision was “based on its confidence in the UK economy and its ability to continue to deliver for its customers”. The INEOS investment was the first of its type in Hull since the UK voted to leave the European Union on 23rd June.

"Today's announcement is great news for Hull and for other areas which can benefit from investment from Siemens and companies like it, particularly when we leave the EU and become a more flexible, competitive country," he said.

UKIP employment spokeswoman Jane Collins MEP added, "it shows is that throughout the referendum campaign we were subjected to a campaign of fear from politicians including our new Prime Minister Theresa May who attacked the work ethic of this country and its people.

"Luckily, the people ignored the threats of the establishment and I am confident we will see more investment in the UK and more companies started up by British people."

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