Bill HowarthJul 6, 2023
SydesJokes

British firms so sick of battling #Brexit ditch 🇬🇧 and invest in Europe.

"We are now channelling a lot of investment in setting up production facilities in Germany to remove the trading friction. Brexit is materially restricting our growth now."

https://www.reuters.com/markets/europe/battling-brexit-some-british-firms-turn-invest-europe-2023-07-05/

Battling Brexit, some British firms turn to invest in Europe

Sick of customs delays and extra bureaucracy since Britain left the European Union, Farrat, a small manufacturer on the edge of Manchester, is ramping up investment to compensate - in Germany.

Reuters
Jul 6, 2023 at 8:05amWeb
Show threadBecksyJul 6, 2023
@SydesJokes no surprise. Was inevitable. Banks, insurance companies and fund businesses are quietly doing the same. Brexiteers point to low job losses in London but they’re missing the point. Financial contracts are often long term by nature. Maturing deals will increasingly be replaced in Dublin, Frankfurt, Paris et al. #brexit #politics