Firms consider upping sticks from Brexit-bound Britain, as foreign capitals mount a charm offensive
Paris, Frankfurt and Dublin all hope to pick up some post-Brexit business
LONDON’S relocation specialists and employment lawyers have never had it so good. Not that they are advising clients on how to set up in Britain’s capital. Quite the reverse: they are busy advising businesses and individuals on how to get out, and where to go if they have to leave.
More than a quarter of employers surveyed by the Chartered Institute of Personnel and Development (CIPD), an industry group, say that their workers from European Union countries are considering leaving Britain. Financial-services firms, which are among the most vulnerable to a “hard” Brexit outside the EU’s single market, are dusting off their contingency plans to relocate jobs and offices. A tenth of the companies surveyed by the CIPD are thinking of moving some of their operations outside Britain; a further 7% say they are likely to focus on building their businesses overseas.
This article appeared in the Britain section of the print edition under the headline "Leave or Remain?"
Britain January 28th 2017
- Britain’s local councils face financial crisis
- Brexit will require the consent of Parliament—but not of the devolved assemblies
- A new sort of leader for Sinn Fein in Northern Ireland
- Theresa May’s long-awaited “industrial strategy” looks a bit thin
- Why a top university runs a London state school on Soviet lines
- Firms consider upping sticks from Brexit-bound Britain, as foreign capitals mount a charm offensive
- Britain’s unlikeliest property hotspot
- Britain’s excruciating embrace of Donald Trump shows how little independence it has gained from Brexit
From the January 28th 2017 edition
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