" All the companies that have collapsed or moved abroad since Brexit…
Before the collapse of Thomas Cook, the company had warned that uncertainty over Britain’s future relationship with the EU meant bookings were suffering. However, the government has today insisted that there was ‘no Brexit connection’ to the collapse of the holiday firm. Health secretary Matt Hancock said that its collapse was due to long term problems with the business, with the consumer shift to online bookings causing problems. But, with a number of companies warning about the impacts of Brexit uncertainty, here’s a list of all those who have either gone bust or moved abroad since the vote.
Ahead of Britain’s departure from the EU, the chairman of Dyson announced that his firm would move its headquarters to Singapore. Sir James Dyson was accused of hypocrisy, having been an ardent supporter of Brexit.
The head of Ford Europe, has warned that ‘no-deal Brexit’ would be a catastrophe for its business. Steven Armstrong said the motor giant would have to look at its ‘manufacturing footprint in the UK’ as a result of the decision to leave the EU. The company has already closed its plant at Bridgend, which resulted in 1,700 job losses.
Barclays The bank has moved £166bn worth of assets from the UK to Ireland. It said it could not wait ‘any longer’ to implement contingency plans to deal with Brexit.
Lloyds of London The global insurance and reinsurance firm said it was working on transferring all European Economic Area (EEA) business to its new Brussels subsidiary before the end of 2020… "
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