Article 5DH6C UK firms plan to shift across Channel after Brexit chaos

UK firms plan to shift across Channel after Brexit chaos

by
Toby Helm
from World news | The Guardian on (#5DH6C)

Threat to British jobs as companies look to move operations overseas

Hundreds of UK companies could switch operations to countries inside the EU in what is threatening to become a dramatic exodus of investment and jobs caused by Brexit.

The Observer can reveal that by 1 January this year some 500 businesses - mostly UK-owned, or UK-based with overseas owners - were already making inquiries about setting up branches, depots or warehouses in the Netherlands alone, for Brexit-related reasons". Since then the number of inquiries from UK companies has increased further.

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