A business owner has said he will be moving his multi-million pound empire to Spain because of Brexit.
Speaking to LBC’s James O’Brien he said he has already begun the process of moving his business to Spain, regardless of the outcome of the negotiations.
Despite firms remaining relatively upbeat amidst the uncertainty that is to come there are several instances of economic aftershocks been seen.
The number of deals between large and small UK businesses dropped dramatically due to the economic uncertainty caused by Brexit, down 28 per cent year-on-year and mirroring the disappointing run of business investment results since the referendum.
The LBC caller said: “I was one of the 48 per cent who really didn’t want to leave, and post the decision, my company will be leaving the United Kingdom.
“We’ll be actually going to Spain.”
James replied:”Oh.”
He added: “We do a bit of pantomime on this programme, obviously a little bit of provocation, and then someone like you rings in and reminds me this is the cold, hard reality for people, and for you it’s a commercial decision, for other people it’s uprooting their entire families.”
“We had no choice…simply because of what happened to the pound against the euro.”
James said: “So that’s all your taxes, their taxes, corporation tax, income tax, all taxes now going into the Spanish exchequer.”
Yep…. all £180 million of it.
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