Corporate Brexodus Begins as “No-Deal” Brexit Looms

Voting with their feet and pocketbooks.

Rigged Game

Potential for ugly consequences, intended or otherwise, is rising.

Construction and infrastructure giant Ferrovial has announced it is moving its international HQ from the UK to low-tax haven Amsterdam because of Brexit. The Spanish firm, which owns a quarter of the UK’s busiest airport, Heathrow, and runs its US, Canadian, Polish and UK operations from Oxford, says it needs to keep within EU legislation after the UK leaves the EU.

Airbus issued a stark warning at the end of last week that it may also consider abandoning the UK over Brexit, its strongest alert yet over the potential impact of Britain’s departure from the EU. A withdrawal without a deal would force it to reconsider its long-term position, potentially putting thousands of British jobs at risk, it said.

At the same time investment in Britain’s car industry has shrunk by half to the lowest figure since the financial crisis, according…

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