Tag: Brexit

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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It’s 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 history has already repeated itself, as last night saw MPs reject the deal for a second time, this time by a slightly lower majority of 149.

But with just 16 days until the UK is officially scheduled to leave the EU, what happens now?

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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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Following last week’s staggering situation where we had the Prime Minister urge Parliament to vote against her EU exit deal, so she could go back to the negotiating table in Brussels, the Brexit clock continues to count down towards no deal.

And now that Nissan has cited all this Brexit uncertainty as the reason behind its decision to pull a lucrative contract from its main UK plant in Sunderland, not to mention the other businesses who are moving from the UK or scaling back operations, it looks like it could be bad news for business.

Here’s how a conference call could help solve at least some of your potential Brexit-based business woes.

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