English By Jamie Dettmer Share on Facebook Print this page
Despite Britain sealing a post-Brexit deal with the European Union, one that will allow for tariff-free trade in goods, some British firms are considering fully or partially relocating their businesses to mainland Europe, saying they fear for their prospects if they don’t.
A year ago, a British business lobby group, the Institute of Directors, found in a survey that a third of small-to-mid-size enterprises [SMEs] were planning or considering relocating or setting up additional facilities on the other side of the Brexit curtain.
Dutch investment authorities say they have lured 140 Brexit-wary companies since Britain’s 2016 referendum to quit the EU, and more than another 100 are exploring moves. Other EU countries also are reporting record numbers of British firms moving or considering full or partial relocations. Slovakia, within a year of the 2016 Bre
As Britain prepares for its life outside Europe s single market, leaders from the auto industry are evaluating their future in the country. Much will depend on how the border is managed and whether delays caused by customs checks turn out to be a temporary or recurring factor.
The owner of a group of UK car part factories has told Euronews that he’s preparing to open a new factory in Slovakia so he can continue to serve customers on the other side of what he called The Brexit Curtain.
Since the Brexit vote, the number of people working at two UK factories owned by the Goodfish Group has fallen by a third.