Posts Tagged ‘MoneyGram’

250 + Companies to Leave UK for Holland Due to Brexit

January 25, 2019

According to yesterday’s I for Thursday, 24th January 2019, the Dutch are claiming that more than 250 firms currently based in the UK are planning to move across the North Sea to them due to Brexit. The article on page 10, entitled ‘More than 250 firms plan to relocate from UK to the Netherlands’ by Nigel Morris and Benjamin Butterworth began

More than 250 companies are looking to follow Sony by moving from the UK to the Netherlands because of Brexit, it emerged yesterday.

The Netherlands Foreign Investment Agency (NFIA) said that scores of companies with UK headquarters had expressed interest in relocating, and the number was expected to rise.

Many business chiefs have been dismayed by Theresa May’s refusal to rule out leaving the European Union without an agreement, leaving Britain immediately operating on World Trade Organisation rules.

The article then goes on to list some of the companies moving. They were Sony, Panasonic, which moved last year, P&O, while the car maker Bentley was stockpiling parts.

It quote Michiel Bakhuizen of the NFIA as saying

“The number of businesses we are in contact with for a possible arrival is growing. At the start of 2017 it was 80. At the start of 2018 it was 150, and now it’s more than 250.

“This increase will continue and it is not strange, because there is great uncertainty at the moment in Britain. And if there’s one thing that’s bad for business, it’s uncertainty.”

One of Tweezer’s little minions said in reply that it was clear that companies around the world would continue to invest in Britain and its people. Against this was the Labour MP Rupa Huq, who backs a second referendum. She said

“This shows the shrinking appeal of Britain as a decision-making base for top companies as a result of Brexit.

“The Japanese were supposed to be a top ally for Brexit, but time and again they have been shocked at the scale of self-destruction.” The below the article was another which also listed other firms leaving the UK. These included the Japanese financial houses Nomura Holdings and Sumitomo Mitsui Financial Group; HSBC, which is moving its HQ from London to Paris; Barclays and Bank of America, which are moving to Dublin, MoneyGram, which is going to Brussels; the European Medicines Agency, which is going to Amsterdam; the European Banking Authority is going to move to Paris, while the German engineering company Schaefler is going to close two of its plants, in Plymouth and Llanelli.

Brexit is going to be a disaster for Britain. but it’s going to be great for rich financiers like Jacob Rees-Mogg and Nigel Farage, because they can move their investments around the world without worrying about losing profits. It’s the rest of us, who depend on manufacturing and trade in goods for our jobs and businesses, who will take the real hit.

We were lied to by the leaders of the ‘Leave’ Campaign, who were chiefly members of the Tory right. Well, it’s high time to kick the Tories out of office and put in someone who really can clear up this mess: Jeremy Corbyn.