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Home Business and Economics

Can you name one company that has moved to the UK because of Brexit?

Here's a reminder of all the firms that have gone the other way.

Jack Peat by Jack Peat
2020-09-14 07:38
in Business and Economics
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A Brexit quandary has been making the rounds on social media as the Britain’s exit from the union looms.

With just months to go until the end of the transition period and just weeks until the two sides must arrive at a deal, reminders of the potential economic fall out of the split have been circulating online.

Last year it was reported that a raft of companies have left the UK to safeguard themselves from the negative effects of withdrawing from the union.

But few people could think of businesses which have moved the other way.

Netherlands

The latest figures from the Netherlands show it has lured 140 Brexit-wary companies since 2016.

More than half of the firms — 78 — moved last year, according to Netherlands’ Foreign Investment Agency (NFIA).

They are expected to create more than 4,200 jobs and inject €375 million in investment into the economy.

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According to the Brexit Job Loss Index some 436,296 jobs have been lost all together, marking a £12,511,660,392 reduction in annual income.

Companies which have deserted Britain since Brexit

Yet there is scant evidence of firms moving the other way.

While you mull it over, here’s a taste of the companies that have deserted Britain since the decision to leave the EU in 2016:

Airbus

Aviva

Bank of America Merrill Lynch

Barclays

British Steel

Credit Suisse

Dyson

Ford

Goldman Sachs

Honda

HSBC

Jaguar Land Rover

JPMorgan Chase

Lloyds of London

Moneygram

Nissan

P&O

Philips

Rolls-Royce

Schaeffler

Sony

Toyota

UBS

Unilever

Related: “What have we become?” Ministers said to be considering opt outs of Human Rights Act laws

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