Brexit plans activated
With less than 100 days to go before Brexit day, many companies are now activating their business Brexit plans. Highly successful UK companies are being forced to make decisions which will affect the UK economy for many years. Less corporation tax, less income tax will mean less government spending and higher tax’s for most people.
The Scottish Daily Record reports that KellyBronze Free Range Turkeys are moving 10% of their breeding stock to Holland and Germany. This will keep the company inside the EU single market, where it can have access to European workers and European customers.
It is also reported in the Daily Record that FreestyleXtreme will reduce staff in Bristol by 78. They have opened an office in Romania and planning on opening a warehouse in Germany. Managing director Shaun Loughlin said businesses needed to know there would be a deal “tomorrow”, not in March.
Ian McCartney, director of strategy at Wilson Tool International, which has opened a branch in Germany, said: “It’s hard to believe in business how messy it is in politics. There’s absolutely zero certainty in Westminster.”
These companies need to trade inside the single market, and there are thousands more. How many more will relocate?