Labour’s Shadow Foreign Secretary Hilary Benn today warned that industry on Teesside would be hit hard by any decision to leave the European Union.
It has been estimated that the UK Chemicals sector could lose as much as £7billion each year if the UK left the EU.
Hilary Benn today joined Councillor Sue Jeffrey, Chair of the Tees Valley Combined Authority, to meet with a number of Teesside-based companies for a roundtable discussion at the North East Process Industry Cluster at Wilton. He then toured SABIC’s works. The company creates polyethylene at its plant.
Speaking on the visit, Hilary Benn MP said:
“The chemical processing sector is hugely important for Teesside and for jobs, employing over 35,000 people in the region. It was interesting to hear from many of these companies how they believe that their future is more secure within the European Union.
"Many of these companies are foreign owned businesses, who have decided to invest in Teesside because it is in the EU single market. A decision to leave the EU – and all the uncertainty this would create - would have a huge impact on these businesses and their future investment decisions.