Tag: Brexit

been two months since Theresa May’s Brexit deal was voted down in the House of Commons – losing by a massive 230 votes, the biggest ever margin – and two weeks since MPs reject the deal for a second time, albeit by a slightly lower majority of 149.

Today was meant to be ‘Brexit Day’, the day when the UK officially left the EU. Instead, MPs will vote for a third time on the PM’s deal and, in a bizarre reversal of a confidence vote, she has promised to give a date for her resignation if the deal goes through this time.

What’s going on?

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There’s less than a wee until the self-imposed March 29, 2019 deadline rolls around and the UK leaves the EU, and it’s looking more and more like no deal will be agreed – worrying times for businesses and individuals alike, especially as (once you’ve cut through through the jargon and the jingoistic bluster) no one seems to be offering up any alternatives or even one tangible positive outcome.

Our Brexit timeline has all the important dates coming up over the next six months, as we count down to, what now appears to be, our inevitable departure.

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It’s safe to say Brexit has become the absolute shambles we all feared it would. Not only is the uncertainty driving big businesses away from the UK, Parliament seems to be at a stage where divisions are so great, and the waters so muddied, that it can’t agree on anything, including its own motions – on Wednesday, the Prime Minister actually whipped against her own motion, and still lost.

So where do we go from here? And what’s the problem with a no-deal Brexit anyway?

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Honda has confirmed it plans to close its Swindon plant in 2021, leading to the loss of 3,500 jobs. An announcement was made this morning by Katsushi Inoue, president of Honda Motor Europe, who said: “In light of the unprecedented changes that are affecting our industry, it is vital that we accelerate our electrification strategy and restructure our global operations accordingly.

He added: “As a result, we have had to take this difficult decision to consult our workforce on how we might prepare our manufacturing network for the future. This has not been taken lightly and we deeply regret how unsettling today’s announcement will be for our people.”

Although Brexit hasn’t been explicitly cited as a reason for the car giant’s decision, it seems too much of a coincidence that the decision comes just weeks before the UK is set to leave the EU, with a possible no-deal departure looking increasingly likely.

The decision comes just weeks after Dyson announced plans to relocate its headquarters to the Far East.

The British technology company has announced that it is moving its headquarters from the UK to Singapore. The move will see Jorn Jensen, the chief financial officer, and Martin Bowen, chief technical officer, move to Asia, but the appliance manufacturer insists no jobs will be affected in its current head office in Malmesbury in Wiltshire.

The company insists that the move is nothing to do with Brexit or tax – chief executive, Jim Rowan, said: “It’s to make us future-proof for where we see the biggest opportunities.” – but it’s hard not to be at least a little skeptical and very cynical, given that Jeremy Dyson, the founder and figurehead of the company, is a fully paid-up, drum-beating Brexiteer.

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Trading on WTO rules is cited as one the main problems the UK will have to deal with if it leaves the EU without securing a deal – but what exactly are these rules? And would it be such a disaster?

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