The number of companies quitting Britain or slashing jobs can't be attributed to bad luck any more.

[riversedge]

The day ‘Project Fear’ got real

Number of companies saying it’s time to move out of UK is picking up.

https://www.politico.eu/article/the-day-project-fear-got-real/



Updated 2/19/19, 10:48 AM CET

Britain must now contend with an unprecedented number of companies saying that they are packing their bags or warning that they will do so | Dan Kitwood/Getty Images


The number of companies quitting Britain or slashing jobs can’t be attributed to bad luck any more. There are just too many.

Japanese carmaker Honda made a major announcement on Tuesday: It will close its plant in Swindon by 2022. That means cutting 3,500 jobs and a calamitous knock-on effect on all the smaller companies that supply and service Honda in southern England.

This is only the latest instalment of a snowballing disinvestment, which was never in the Brexiteers’ script. From the beginning of the Brexit battle, leading Conservatives always insisted that Remainers were stoking “Project Fear” by arguing that major companies would quit Britain if the U.K. left the single market.

But a trickle of departing businesses is now becoming a stream. Prime Minister Theresa May is gambling that she can win a game of high-stakes political brinkmanship with the EU, but the U.K.'s reputation as a safe destination for foreign direct investment has already taken a heavy knock.

The Dutch government this month gloated that it had helped 42 companies make the switch from the U.K. to the Netherlands in 2018 because of Brexit and is in talks with more than 250 others about making a move.......................

[Thyla]

1. I guess this will free up the job market

So they will have enough people to do all the fruit picking, farm labour, nursing jobs, bar workers, barristas and various other low skill(nursing aside, you guys rock) low pay jobs that currently EU citizens are doing. I mean us Aussies have been helping out in this department for decades but there are only so many of us to go around.

Low skill means retraining is minimal so shouldn't be too much of a roadblock.

Got to look for the positives and all.

[MicaelS]

2. Are the UK's pols that stupid?

Can't they see what is staring them in the face?

[Wellstone ruled]

3. Projections right out of the box with Brexit was,

at least a 25% reduction in the British Economy. Projected Unemployment heading to 20%. Pound Sterling Monetary Value loss pushing 20%.

Pretty Friggin ugly scenario yes.

[uponit7771]

5. Even 1/3 of any of that would be pretty bad

[Wellstone ruled]

8. Here are a few Companies that have hit the

headlines at Bloomberg. Goldman-Sachs moving or have move Jobs to Germany,France and Spain. JP Morgan moving or have moved Jobs to the Continent . Barkley's,which is connected to the Royal Family,moving their Trading Desks to France or Spain. Ford Motor,canceled a major Expansion of their Engine and Transmission Plant and are joining with Volkswagen to pick up the slack if necessary. Okay,that is some where near 60k jobs.

Just the tip of Britian's problems.

[uponit7771]

4. Just what Putin ordered

[Takket]

6. I work for a pretty large company...

Can’t say the name but rumor has it U.K. jobs are going to take a massive if not total hit in upcoming job cuts. While cuts are coming world wide i have to believe Brexit is making the decision a lot easier to focus the cutting in the U.K.

[sweetapogee]

7. question

Any word on what British companies with factories in the EU or Japan will do with those factories?