GlobalAutoTV
Click to watch Dr. Juergen Weber -
Click to watch Dr. Juergen Weber -
euro resources


Need an office in Europe or Eastern Europe? Office suites, meeting rooms, virtual offices, network access




free downloads
EUROPE: "European Private Equity Outlook 2013" report

EUROPE: "European Private Equity Outlook 2013" report. 29-page report by Roland Berger.

proceed to download
eJournals





back to index backEUROtalk March,  2017


Third of manufacturing firms want to move some operations out of UK after Brexit, report warns

Leaving EU is a 'game-changer' for UK manufacturing with two-thirds of companies believing the instability will be bad for the economy.

Deep uncertainty caused by Theresa May's drive to Brexit has left one in three manufacturing firms planning to shift some operations out of the UK, a damning report reveals today.

The study from consultancy firm KPMG found that China and India - two countries Ms May is desperate to secure greater trade with - are set to be the main beneficiaries from the potential exodus.

The risk of the UK failing to secure any sort of future trade deal with Europe - something Ms May has threatened if Parliament does not approve the deal she agrees with Brussels - was cited as a key potential fear.

It comes just weeks before Philip Hammond gives his Budget, with the Government under pressure to help struggling companies and amid reports of big firms like HSBC and PWC potentially shifting hundreds of jobs out of the UK.

The report said that Brexit had become a "game-changer" for UK manufacturing with two thirds of firms believing the instability from Brexit would be bad for the economy generally.

To read entire report, please click here.

Source: Independent - GAI



previous page

go top
search our site


Loading

EUROtalk

Other articles from the same issue (March,  2017).

New look for Europe's car manufacturing industry
play read on

WardsAuto: U.K. Government, Auto Industry Gather to Talk Tech
play read on

Autos: European Demand on Strong Trajectory to Begin 2017
play read on

WardsAuto: 2017 Geneva Auto Show: Shots From the Floor
play read on

PwC predicts growth for the Russian automotive markets in 2017
play read on

Car Manufacturing Gloom: The Pro-EU Campaign's Worst Nightmare Becomes Reality As Hard Brexit Looms
play read on

German car makers will build more than 100,000 electric cars this year
play read on

Third of manufacturing firms want to move some operations out of UK after Brexit, report warns
play read on

Labour drought in Europe's east as workers go west
play read on

Uncertainty clouds German firms' US outlook
play read on

Joint Declaration for an ambitious EU industrial strategy
play read on

Group Financing in Switzerland to Become More Attractive
play read on

UK: Is ‘reshoring' the answer to Brexit uncertainty?
play read on

CJEU rules on subject-to-tax requirement of Parent-Subsidiary Directive
play read on

Britain seeks to plug skills shortages sapping productivity
play read on

Spain: Changes Introduced for Electronic Means in Handling VAT
play read on

Belgium: Benefit in kind for free housing granted by a company ruled unconstitutional by two Courts of appeal
play read on

German steelworkers strike benchmark pay deal
play read on

Doing Business in the Czech Republic 2017
play read on

Doing Business in the Slovak Republic 2017
play read on

Europe lags the world in chip manufacturing equipment investment
play read on

What is on the minds of CEOs in Central & Eastern Europe?
play read on

Italy: Implementation Guidelines On New Beneficial Tax Regime for New Residents
play read on

EU: Parliament adopts binding law on conflict minerals
play read on

Poland: New tax super deduction for R&D in annual corporate tax returns for 2016
play read on

5 Reasons Germany Isn't Suffering in the 21st Century
play read on

Eurozone economy back on track
play read on

Losses from white-collar crime in Switzerland in the billions
play read on

German youth lack digital literacy
play read on

France: Molière clause threatens to sink posted workers reform
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120