Panasonic shifting it's HQ to Amsterdam, more companies to follow

[SoloD]

Along with these jobs, there will be a lot of support activities which will be affected, legal, accounting, audit and of course the tax they pay.

But this trickle is going to a stream soon.

"Japan is a major investor in the UK, where more than 800 Japanese companies employ more than 100,000 people.

However, financial firms including Nomura, Sumitomo Mitsui, and Daiwa have already said they will no longer maintain their EU headquarters in London."

Most worrying of all are the British companies who may go, Vodaphone included.

www.bbc.com/news/business-45351288

I wonder if some Brexiteer will celebrate this as it will mean fewer foreigners?

One of the main glass manufacturers is Japanese owned.
Think car and house windows, mobile phone screens, house insulation, possibly increasing by 10 percent (Tariffs and taxes). A huge cost in the manufacture of glass is gas for heating.

4 of my family have already had to emigrate, over the past year, due to companies moving abroad.

i don't know what the actual figures are for small companies moving out of the UK, but it must be astronmical

They talked about a "Global Britain" but the reality of Brexit isn't glorious independence. It's a shambolic retreat from Europe by a frightened, confused and criminally deceived nation, that has lost its grip on the modern world and prefers to blame others for its self-inflicted failings.

summed up in one, @SoloD

I wouldn't be surprised if some of Jaguar Land rover offices and manufacturing moves out of the UK. People don't realise it is not a British owned company anymore. It's owned by tata motors and steel which is Indian.

Same for other big 'British' businesses that actually have huge overseas investors or owners.

If big business has plans to move out of the UK they're not going to announce it until the last minute. I wonder how many announcements there will be in March next year.

@susurration
Hi, this was covered in previous incarnations of the Westminsterenders thread months ago, and yes you are right.
JLR has just opened a massive plant in Slovakia or thereabouts which will be building new Discovery models. In theory the Solihull plant will make new electric Range Rovers, but that may not actually happen, it will depend on how badly Brexit goes.
As has been discussed on the West,,, thread, moving of a production line is ridiculously expensive so the various manufacturers will wait until the model they are currently making reaches 'end of life' then simply make the new model elsewhere. It may take 5 years for this effect to work through the system so may not be immediately apparent, except that there may be no new investment in the UK plants.

As others and I commented months (years?) ago it will not be the headline BMW/Nissan/Airbus that will be the real problem, serious though they are, but the erosion of profitability of so many small and medium businesses. Extra tariffs on buying anything in to the UK will make things uncompetetive.

Hmmm...A lot was made about Airbus’s decision to trade in euros in the early 2000s and the threat of relocation then if the UK did not join the euro. It never happened. During the EU referendum Airbus was frequently cited as a firm that would relocate if there were a vote to leave. But in February this year the company committed to staying in Britain “long into the future”. These threats to relocate Euro HQs to EU countries may all seem like Brexit by products, most likely they are not and that relocation of various divisions was actually on the cards. You must always remember as well that it works both ways, the UK imports around €4 of goods and services from the EU for every €3 it exports there.

The UK is a large net importer from the EU. So it follows, as a basic, standard point of economics, that the UK economy should expect to gain, in the short-term, if trade barriers are raised between the UK and EU. Regardless of these alleged relocations, far more investment and relocation would be inward.

The BBC isn't the best place to get news on economics and finance, do the research yourselves and/or use independent non-biased sources.

The Airbus activities are manufacturing on a long cycle time, maybe 10 years or more so their probable 'exit' from the UK will not be as noticeable. They will continue manufacturing the designs they are doing now but new designs are very likely to be made elsewhere when new machinery is necessary.
Without CU and SM the UK will become very expensive to move parts into and out of and many firms use JIT if the arrival of parts on schedule cannot be guaranteed then dealing with the UK becomes unworkable.
Why would other countries invest in the UK if the products manufactured get hammered by tariffs when they are shipped abroad? The rules and tariffs of trading are largely set by being part of the EU at the moment but to drop out of these into WTO basic rules will cripple the economy as you can't unilaterally pick a tariff rate from zero to whatever without considering that it has to work both ways.
making something 'cheap' for the UK one way means that the UK has to 'sell' cheap.
Some of the contributors on the Westminsterenders thread have a far greater knowledge of the real data behind the, as you rightly point out, rather thin BBC reporting.

A lot was made about Airbus’s decision to trade in euros in the early 2000s and the threat of relocation then if the UK did not join the euro. It never happened

It didn't happen because we were in the EU and so had clout to ensure that didn't happen, we will soon lose that.

Companies like AB move very slowly, so they'll be no immediate threat to jobs but anyone who has been in or around Toulouse cannot fail to think that France would love to have those AB jobs instead of them being at Filton.

Likewise over the ensuing years, it will be far harder for BMW, PSA etc to justify new model production in a non EU country, irrespective of any FTA.

So, they are more beholden to the UK than the UK is to them?

The UK is a large net importer from the EU. So it follows, as a basic, standard point of economics, that the UK economy should expect to gain,

By your theory, imposing sanctions on a country is a favour. As a basic standard point of economics, they would be expected to gain if they had been net importers.

China already make aircraft parts and they are itching to get started on Airbus production.
With FOM and currently no tariffs across EU countries, the skilled workforce in the UK is worth ferrying the bits around to be worked on. Cut FOM and add tariffs and customs 'hold ups' to parts coming in and finished units going out and it rapidly becomes uneconomic.

COll So, just to be clear on that point. You are saying that Brexit could be great for the EU countries that import more from the UK than the UK imports from then. Ireland should be delighted with Brexit, so.

For this train of economics and finance thought. Where did you do the research and/or use independent non-biased sources. Could you link to these sources which support that theory.

See Jason J Hunter's threads on twitter about the UK making it the only cost-effective choice for EU-based banks to divest themselves of UK. £ 1Trillion could move out of UK economy. What a disaster.