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Apsidrausdamos nuo netikėtumų ir nežinios stambiosios tarptautinės korporacijos jau antri metai perkelia savo būstines iš Londono į Paryžių, Amsterdamą, Dubliną ar Frankfurtą.

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Companies leave London as Brexit fears loom

Panasonic has announced plans to migrate its European headquarters from Britain to the Netherlands in late 2018. This is following potential tax concerns related to Brexit.

The leading multinational electronics corporation is not the only company set to evacuate London following fears over the prolonged departure from the European Union.

The Japanese corporations are not alone in their fears. Earlier this year we reported that Airbus may also be forced to relocate. The major UK employer hires 14,000 people directly at 25 different sites across the country including Stevenage and Portsmouth.

Instead, Airbus hinted that production may be transferred to North America, China or another European country.

In June, Jeremy Hunt branded the relocation of Airbus and other firms as “completely inappropriate threats”.

But Airbus and Panasonic are not alone. Earlier this year, the Independent reported that nearly 20 banks have committed to launching European Union hubs in Frankfurt since Brexit. The economy minister for Hesse has expressed confidence that Frankfurt will attract more. 60 firms are yet to decide on additional headquarters in Europe.

Of these banks, JP Morgan have announced up to 1,000 of their bankers working in the City of London are to move to Dublin, Frankfurt and Luxembourg.

Though JP Morgan are only relocating 1,000 of their London bankers, some corporations are outright moving their headquarters from the capital. Barclays and Bank of America will move their EU headquarters from London to Dublin.

Additionally, Moneygram will move its EU headquarters from London to Brussels. European Medicines Agency will relocate from London to Amsterdam, taking 890 jobs with them, and European Banking Authority from London to Paris.

Whilst the foreign secretary, Boris Johnson, was reported to use an expletive when challenged about business concerns over Brexit, more and more corporations are deciding to evacuate the capital.