Brexit: 40% of US firms with British offices are considering relocating to the EU
Nearly 40 per cent of US businesses with a base in the UK say they are considering moving elsewhere in the EU because of Brexit, according to a report, warning that the vote to leave could also hit trade relations between Britain and America.
The survey by international law firm Gowling WLG also found that two-thirds of the 533 US firms polled said the UK’s vote to the leave the EU is already impacting investments choices in the country.
Food and beverage, life sciences and financial services firms were most likely to consider relocating whilst aerospace firms were the least likely, the survey has found.
http://www.independent.co.uk/news/bu...-a7473251.html
---------- Post added at 12:27 ---------- Previous post was at 12:22 ----------
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Originally Posted by Osem
Big decisions take time - I bet that if the PM started making such announcements now portions of the media would be banging on about how vitally important issues were being rushed through and more legal challenges would be mounted to slow it all down again. This is uncharted and extremely complex territory so who seriously expected anything other than for it to take time - probably a good deal more time than anyone envisaged. Such is the nature of momentous changes such as this.
The world's banks are so intertwined that we have no idea how much exposure British banks have to their foreign owned counterparts. When big EU banks start failing again there will be serious repercussions for our banks, the only issue is whether these problems will be lesser or greater and I reckon being inside the EU guarantees the latter.
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I agree it's important to do it right than do it quickly. That's a point I've been trying to make to those on this forum who wanted us to invoke Article 50 immediately. However, the article suggests that there are divisions holding up a firm plan, let's hope they sort matters out over a few Chrimbo sherries.
