Sunday, 27 January 2019

Run, don't walk

The Dutch are negotiating with over 250 British-based companies, hoping to persuade them to relocate to the Netherlands.

The French are trying to tempt a fair chunk of our financial services industry to move to Paris - if the Irish or Germans don't get there first.

Dyson (pre-tax profits £100 million) is moving its headquarters to Singapore - it has already moved its manufacturing to Malaysia.

Burberry warn that Brexit without a trade deal will cost them "tens of millions" in WTO tariffs.

Our car manufacturers are running on short weeks and relocating their factories overseas.

The super-wealthy are already buying up London property, attracted by the low pound (fallen by a quarter against the dollar) and the weak housing market (house prices down by 20%). If we Brexit without a deal then UK assets would become even more attractive to the vulture capitalists as the pound falls further and the economy falters.

Union leaders are worried that Brexit will allow workers' rights to be taken away from them - the 'low-tax, low-regulation' vision of the free marketeers who support Brexit.

Is this what we were promised?

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