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Related: About this forumUK firms plan mass exodus if May allows no-deal Brexit
Source: The Guardian
UK firms plan mass exodus if May allows no-deal Brexit
Business group warns that companies are getting ready to shift operations abroad
Phillip Inman, Toby Helm, Daniel Boffey and Michael Savage
Sat 26 Jan 2019 21.00 GMT
Thousands of British companies have already triggered emergency plans to cope with a no-deal Brexit, with many gearing up to move operations abroad if the UK crashes out of the EU, according to the British Chambers of Commerce.
Before a crucial week in parliament, in which MPs will try to wrest control from Theresa Mays government in order to delay Brexit and avoid a no-deal outcome, the BCC said it believed companies that had already gone ahead with their plans represented the tip of the iceberg and that many of its 75,000 members were already spending vital funds to prepare for a disorderly exit.
It said that in recent days alone, it had been told that 35 firms had activated plans to move operations out of the UK, or were stockpiling goods to combat the worst effects of Brexit.
Matt Griffith, director of policy at the BCCs west of England branch, said that many more companies had acted to protect themselves since Mays Brexit deal was decisively rejected by MPs in the Commons earlier this month.
He said: Since the defeat for the prime ministers deal, we have seen a sharp increase in companies taking actions to try and protect themselves from the worst effects of a no-deal Brexit. No deal has gone from being one of several possible scenarios to a firm date in the diary.
-snip-
Business group warns that companies are getting ready to shift operations abroad
Phillip Inman, Toby Helm, Daniel Boffey and Michael Savage
Sat 26 Jan 2019 21.00 GMT
Thousands of British companies have already triggered emergency plans to cope with a no-deal Brexit, with many gearing up to move operations abroad if the UK crashes out of the EU, according to the British Chambers of Commerce.
Before a crucial week in parliament, in which MPs will try to wrest control from Theresa Mays government in order to delay Brexit and avoid a no-deal outcome, the BCC said it believed companies that had already gone ahead with their plans represented the tip of the iceberg and that many of its 75,000 members were already spending vital funds to prepare for a disorderly exit.
It said that in recent days alone, it had been told that 35 firms had activated plans to move operations out of the UK, or were stockpiling goods to combat the worst effects of Brexit.
Matt Griffith, director of policy at the BCCs west of England branch, said that many more companies had acted to protect themselves since Mays Brexit deal was decisively rejected by MPs in the Commons earlier this month.
He said: Since the defeat for the prime ministers deal, we have seen a sharp increase in companies taking actions to try and protect themselves from the worst effects of a no-deal Brexit. No deal has gone from being one of several possible scenarios to a firm date in the diary.
-snip-
Read more: https://www.theguardian.com/politics/2019/jan/26/brexit-british-firms-mass-exodus-no-deal
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UK firms plan mass exodus if May allows no-deal Brexit (Original Post)
Eugene
Jan 2019
OP
Bite the bullet and forget about Brexit. If it means a new election, so be it...
TreasonousBastard
Jan 2019
#2
Chemisse
(30,793 posts)1. What a mess!
With all that they now know about leaving the EU, maybe a new referendum would show that a whole lot of people had changed their minds.
TreasonousBastard
(43,049 posts)2. Bite the bullet and forget about Brexit. If it means a new election, so be it...
The Empire died a hundred years ago-- get used to it.
And while they're at it, accept the Euro.