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British Firms Mull Relocating To 'Other Side of Brexit Curtain'

Jamie Dettmer

   Despite Britain sealing a post-Brexit deal with the European Union, one
   that will allow for tariff-free trade in goods, some British firms are
   considering fully or partially relocating their businesses to mainland
   Europe, saying they fear for their prospects if they don't.
   How many is unclear -- no one is yet keeping tally.
   A year ago, a British business lobby group, the Institute of Directors,
   found in a survey that a third of small-to-mid-size enterprises [SMEs]
   were planning or considering relocating or setting up additional
   facilities on the other side of the Brexit curtain.
   Dutch investment authorities say they have lured 140 Brexit-wary
   companies since Britain's 2016 referendum to quit the EU, and more than
   another 100 are exploring moves. Other EU countries also are reporting
   record numbers of British firms moving or considering full or partial
   relocations. Slovakia, within a year of the 2016 Brexit referendum, saw
   400 British firms register new businesses in the country, including
   Jaguar Land Rover, which currently is building a new plant near Nitra
   in western Slovakia.

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