Tag: Brexit

Ford has become the latest company to announce it will be closing one of its UK plants – in 2020, the car giant will be closing of its Bridgend plant after 40 years in service. This comes on the back of Honda’s decision to bail out of the UK, and countless other companies who are considering their position in the UK.

But are businesses really leaving the UK because of Brexit?

Brexit News Small business

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?

Around the world News Small business

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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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?

Around the world Small business