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Around 300 jobs at risk at Luton SKF factory as bearings manufacturer moves production to Europe 31/05/2023
About 300 jobs have been put at risk after a manufacturing firm announced plans to move production from the UK to Europe. / SKF has revealed plans to shut its plant in Luton and relocate manufacturing to its facility in Poznan in Poland.
The ECB has met with banks in recent weeks, who have now been told which staff need to move over the next few years to meet new Brexit rules.
British seeking ‘foothold’ in EU single market to ease red tape burden.
Goldman Sachs bolstered the number of staff working in the European Union by 21% last year, as Brexit continues to reshape banks' operations on the continent.
Speaking to Sky News, a former British ambassador to Japan noted the impact of Brexit, saying many companies are maintaining a presence in the UK, but moving the bulk of their operations to Europe. / Asked about the former ambassador's assertion, Labour's shadow environment secretary Jim McMahon told Kay Burley: "To some degree, it's a natural consequence of leaving the single market."
Barclays PLC is planning to hire 200 new traders in Paris in a fresh blow to the Square Mile in the wake of Brexit.
Stellantis warned post-Brexit trading arrangements risk its operations in the country. / “If the cost of EV manufacturing in the U.K. becomes uncompetitive and unsustainable, operations will close,” it said. / Rules of Origin requirements on batteries and EVs are due to be scaled up in coming years, with automakers facing 10% export tariffs.
The future of electric vehicle production in the UK is under threat unless the Government reworks the Brexit deal, Vauxhall parent Stellantis has warned.
Experts have warned that there is an "existential threat to the UK car industry" as manufacturers consider pulling out of the country.
Barclays Plc expects to increase its headcount in Paris by about two thirds in the next two to three years, as the French capital increasingly becomes the main trading hub in continental Europe for global lenders after Brexit.
Stellantis warns UK government that the fledging electric vehicle industry is being jeopardised by a new 10% tariff.
Vauxhall carmaker Stellantis warns of ‘significant job losses’ if Brexit deal is not amended 17/05/2023
Stellantis has committed to making electric vehicles in the UK but it is no longer able to meet Brexit trade rules on where parts are sourced.
Stellantis has warned it won’t be able to keep its commitment to building electric vehicles in the UK without changes to the Brexit deal.
Conference of European Rabbis has planned move from London for years, viewing need for its offices to be in heart of Europe; organization’s head says Germany is ideal location
One of Europe’s most prominent associations of Orthodox rabbis is moving its headquarters from London to Munich in a ripple effect from the United Kingdom’s withdrawal from the European Union.
The boss of a major UK manufacturing firm has told the BBC he is considering moving investment to the US or Europe due to new subsidies offered there.
The UK’s decision to separate from the European Union continues to reverberate and is overwhelmingly negative, according to the latest review of the country’s pro-AV market in the May print edition of AV Magazine.
Brexit propels UK fintech Paysend to Dublin 28/04/2023
Paysend, a UK fintech with a focus in card-to-card consumer payments, has announced the opening of a Dublin office in order to access the EU’s Single Market.
Post-Brexit Britain does not have the money or the political will to respond to challenges from the US and EU.
Citigroup Inc. is preparing to shift more business into the European Union on the back of fresh guidance from regulators this week, a top banker in the region said.
Three years on, Brexit is still impacting both U.K. and Europe-based brands in luxury fashion. Niche and young brands, in particular, are having a hard time with the fallout, though many have secured manageable workarounds.
Three years after Brexit, we asked designers, design entrepreneurs and representatives of British design organisations how the withdrawal from the European Union has affected the design industry.
Trade body Make UK adds to pressure on Rishi Sunak as it calls for reset of relationships with Europe. / Business leaders say frayed relations with the EU are costing the British economy, as suppliers in the bloc grow more cautious about doing business with post-Brexit Britain.
Sunak urged to rejoin £84bn EU scheme as 70% firms plot UK exodus in blow to 'superpower' 27/02/2023
Recent policy moves in the US and the EU threaten to leave the UK in the dust, Express.co.uk was warned.
Eighty-four per cent of fintech firms that planned to partly relocate UK operations to the European Union after Brexit ultimately enacted those plans by 2023; according to researchers at Anglia Ruskin University.