The Observer tells us that it’s all likely to be very difficult. Without actually managing to understand how the business works in the slightest.
Rolls-Royce has some advantages over other manufacturers under a no-deal Brexit. First, the aerospace industry already operates under World Trade Organisation rules, so there will be no extra tariffs.
Quite, so there’s no downside.
And what’s the thing the Observer doesn’t even know about? Rolls Royce earns in dollars. Which will be worth more when translated into sterling as the pound falls. And Rolls Royce reports in sterling. Thus Brexit will push up Rolls Royce profits. With no downside to be had from changes in tariffs.
Sigh.