British entrepreneur James Dyson was a prominent supporter of Brexit. Now, he's moving his company to Singapore
Any cynics here? 😏
While the timing might not be to everyones taste , I'm quite sure he doesn't run his business around parliaments agenda and if the move was announced post Brexit , then people would still be speculating that is as a consequence of Brexit and not just a business decision.
"The company was keen to stress that it will still be investing money in its British bases.
Mr Rowan said it would be spending £200m in new buildings and testing facilities in Hullavington, and £44m in refreshing office space and adding new laboratories in Malmesbury as well as investing £31m for the young undergraduates at its university on the same site.
"Malmesbury has been the epicentre for us and we will continue to invest all over the UK," he added.
"The tax difference is negligible for us," added Mr Rowan, who confirmed that the company would be registered in Singapore, rather than in the UK.
"We are taxed all over the world and we will continue to pay tax in the UK."
"There will be no impact on its 4,000 workers in Britain, and according to Mr Rowan, little impact on its tax affairs either. In 2017, it paid £95 million to the Exchequer."
Its just a coincidence that Singapore have just done a deal with The EU.
Did you read the above statements ? My understanding is Dyson has had a presence over there for some time ...he's a brexiteer, what difference would that make to him or his company If the point you are making is , he thinks that Singapore has forged a better trade deal with the EU than we ever could , then I might agree with that ...still though , thats got nothing to do with his Brexit stance ..more an indication of how bad our politicians are !
yes No he hasn't. See the articles I just posted. That's debateable.
Ok presence perhaps the wrong word ..but ( from wikipedia) "In 2004, the Meiban-Dyson Laundry Manufacturing Plant was launched in Johor, Malaysia. The newly opened RM10 million (approx. US$2.63 million) plant is a joint venture between Dyson and the Singapore-based Meiban Group Ltd., which has manufacturing facilities in Singapore, Malaysia and China."
Debateable ? Are you saying that you have faith in our politicians to broker good trade deals ?
None whatsoever. Another point is that the manufacturers most likely to be affected badly by Brexit, is the car industry. He is building a car factory in Singapore, and has been a cheer leader for Brexit. The effect of Brexit on car manufacturing include doubts about just in time manufacturing, supply lines, and EU rules on components.
I am usually sceptical of coincidences, but this could be one.
What benefit would it be for him or his company to be disingenuous about that statement bearing in mind his Brexit stance hasn't changed.?
Liberal Democrat MP and Best for Britain supporter Layla Moran said the move smacks of ‘staggering hypocrisy’. She added: ‘It is utterly unbelievable that the business face of Brexit is moving yet another part of his business out of the UK. ‘This can only be seen as a vote of no confidence in the idea of Brexit Britain.’
Brexiteer Sir James Dyson is accused of 'staggering hypocrisy' after relocating his head office to SINGAPORE - but insists it's NOT because Britain is leaving the EU Dyson announced today its head office would be relocated to Singapore Vaccum cleaner and domestic appliance firm is an icon of British invention But its head office will no longer be in the UK and it will be registered abroad Sir James Dyson voted for Brexit and urged May to walk away without a deal Move comes amid fear Nissan, Ford and Toyota could also cut UK manufacturing
Companies press Brexit panic button in further blow to Theresa May P&O opts for Cypriot flag, Sony confirms HQ move and Pets at Home stockpiles cat food
The scale of no-deal panic gripping major companies has been thrown into sharp focus by a series of damage-limitation announcements, as corporate Britain signalled it is running out of patience with Westminster gridlock. Sir James Dyson, the Brexit-backing billionaire, dealt a further blow to the government by revealing he is shifting his company headquarters to Singapore in a move that drew sharp criticism. Dyson’s decision to move his HQ out of the UK came on a day in which a series of high-profile names revealed measures to mitigate the impact of a disorderly departure from the EU: • P&O announced that its entire fleet of cross-Channel ferries will be re-registered under the Cypriot flag, as the 182-year-old British maritime operator activated its Brexit plans.
• Sony confirmed it is moving its European headquarters from London to Amsterdam. Advertisement
• The chief executive of luxury carmaker Bentley said the company was stockpiling parts and described Brexit as a “killer” threatening his firm’s profitability.
• Retailers Dixons Carphone and Pets at Home announced plans to shore up supplies in the event of chaos at British ports.
Sir James Dyson failed to appear at a media event at which his company announced the relocation of its corporate base from Wiltshire to Singapore. Dyson, who was a leading supporter of the leave campaign who urged ministers to walk away without a deal saying “they’ll come to us”, did not explain why he is taking the HQ of the firm he founded in 1991 out of the UK.
What benefit would it be for him or his company to be disingenuous about that statement bearing in mind his Brexit stance hasn't changed.?
Liberal Democrat MP and Best for Britain supporter Layla Moran said the move smacks of ‘staggering hypocrisy’. She added: ‘It is utterly unbelievable that the business face of Brexit is moving yet another part of his business out of the UK. ‘This can only be seen as a vote of no confidence in the idea of Brexit Britain.’
Brexiteer Sir James Dyson is accused of 'staggering hypocrisy' after relocating his head office to SINGAPORE - but insists it's NOT because Britain is leaving the EU Dyson announced today its head office would be relocated to Singapore Vaccum cleaner and domestic appliance firm is an icon of British invention But its head office will no longer be in the UK and it will be registered abroad Sir James Dyson voted for Brexit and urged May to walk away without a deal Move comes amid fear Nissan, Ford and Toyota could also cut UK manufacturing
Companies press Brexit panic button in further blow to Theresa May P&O opts for Cypriot flag, Sony confirms HQ move and Pets at Home stockpiles cat food
The scale of no-deal panic gripping major companies has been thrown into sharp focus by a series of damage-limitation announcements, as corporate Britain signalled it is running out of patience with Westminster gridlock. Sir James Dyson, the Brexit-backing billionaire, dealt a further blow to the government by revealing he is shifting his company headquarters to Singapore in a move that drew sharp criticism. Dyson’s decision to move his HQ out of the UK came on a day in which a series of high-profile names revealed measures to mitigate the impact of a disorderly departure from the EU: • P&O announced that its entire fleet of cross-Channel ferries will be re-registered under the Cypriot flag, as the 182-year-old British maritime operator activated its Brexit plans.
• Sony confirmed it is moving its European headquarters from London to Amsterdam. Advertisement
• The chief executive of luxury carmaker Bentley said the company was stockpiling parts and described Brexit as a “killer” threatening his firm’s profitability.
• Retailers Dixons Carphone and Pets at Home announced plans to shore up supplies in the event of chaos at British ports.
Sir James Dyson failed to appear at a media event at which his company announced the relocation of its corporate base from Wiltshire to Singapore. Dyson, who was a leading supporter of the leave campaign who urged ministers to walk away without a deal saying “they’ll come to us”, did not explain why he is taking the HQ of the firm he founded in 1991 out of the UK.
Listen , it suits the remain camps modus operandi and sensationalist press to make a meal of this and possibly jump to the wrong conclusions . We have a British company , which employs over 3,500 workers in the uk , continue to invest in this country in a big way and last year paid 95 million in uk taxes ..now people want to make him out to be a hypocrite ..he has said that the HQ move to singapore has nothing to do with Brexit and nobody has proved this to not be genuine. We should actually be thanking him for his continuing investment in the UK , not trying to demonise him
What benefit would it be for him or his company to be disingenuous about that statement bearing in mind his Brexit stance hasn't changed.?
Liberal Democrat MP and Best for Britain supporter Layla Moran said the move smacks of ‘staggering hypocrisy’. She added: ‘It is utterly unbelievable that the business face of Brexit is moving yet another part of his business out of the UK. ‘This can only be seen as a vote of no confidence in the idea of Brexit Britain.’
Brexiteer Sir James Dyson is accused of 'staggering hypocrisy' after relocating his head office to SINGAPORE - but insists it's NOT because Britain is leaving the EU Dyson announced today its head office would be relocated to Singapore Vaccum cleaner and domestic appliance firm is an icon of British invention But its head office will no longer be in the UK and it will be registered abroad Sir James Dyson voted for Brexit and urged May to walk away without a deal Move comes amid fear Nissan, Ford and Toyota could also cut UK manufacturing
Companies press Brexit panic button in further blow to Theresa May P&O opts for Cypriot flag, Sony confirms HQ move and Pets at Home stockpiles cat food
The scale of no-deal panic gripping major companies has been thrown into sharp focus by a series of damage-limitation announcements, as corporate Britain signalled it is running out of patience with Westminster gridlock. Sir James Dyson, the Brexit-backing billionaire, dealt a further blow to the government by revealing he is shifting his company headquarters to Singapore in a move that drew sharp criticism. Dyson’s decision to move his HQ out of the UK came on a day in which a series of high-profile names revealed measures to mitigate the impact of a disorderly departure from the EU: • P&O announced that its entire fleet of cross-Channel ferries will be re-registered under the Cypriot flag, as the 182-year-old British maritime operator activated its Brexit plans.
• Sony confirmed it is moving its European headquarters from London to Amsterdam. Advertisement
• The chief executive of luxury carmaker Bentley said the company was stockpiling parts and described Brexit as a “killer” threatening his firm’s profitability.
• Retailers Dixons Carphone and Pets at Home announced plans to shore up supplies in the event of chaos at British ports.
Sir James Dyson failed to appear at a media event at which his company announced the relocation of its corporate base from Wiltshire to Singapore. Dyson, who was a leading supporter of the leave campaign who urged ministers to walk away without a deal saying “they’ll come to us”, did not explain why he is taking the HQ of the firm he founded in 1991 out of the UK.
Listen , it suits the remain camps modus operandi and sensationalist press to make a meal of this and possibly jump to the wrong conclusions . We have a British company , which employs over 3,500 workers in the uk , continue to invest in this country in a big way and last year paid 95 million in uk taxes ..now people want to make him out to be a hypocrite ..he has said that the HQ move to singapore has nothing to do with Brexit and nobody has proved this to not be genuine.
He was a cheer leader for a no deal Brexit. To subsequently build a car factory in Singapore instead of the UK, and also move his head office, is clearly hypocritical. In case you didn't notice, he is being criticised by both sides. He is claiming that there are no tax benefits, and therefore just chose Singapore over The UK. Dyson no longer manufacture anything in the UK.
If you hadn't noticed , a lot of companies don't manufacture in the UK anymore ..nothing to do with Brexit.
Why do you think he is being criticised in all the papers, on tv, and on both sides of the Brexit argument. You are right, and they must be wrong, all of them.
EU now looks set to ask Ireland to accept concessions
The EU's stance on the necessity for a Border in a no deal Brexit has dramatically hardened. In a devastating blow to the Government, the EU now appears to be leaning on Dublin for concessions ahead of a final showdown with the UK. Brussels has indicated there will be an obligation on Ireland to erect a hard Border in a disorderly Brexit. Officials gave Tánaiste Simon Coveney no warning before publicly declaring the “obvious” outcome of a hard Brexit will be a hard Border.
"We already have that agreement and that is the backstop. Nobody who is opposed to the backstop can credibly state he or she is also against a hard Border unless he or she can come up with something else that aligns customs and regulations and allows a Border to be avoided. Nobody else has done that yet."
Sony to move Europe HQ to Netherlands from UK because of Brexit
Electronics giant Sony is moving its European headquarters from the UK to the Netherlands. In a statement to news agency AFP, it said that the move was to avoid disruptions caused by Brexit. However, it said that it won’t shift people and operations from the existing UK unit. The group’s rival Panasonic has already moved its HQ to Amsterdam due to Brexit. Sony’s decision is also the latest in a long line of other Japanese companies and politicians that have voiced concerns over how Brexit would disrupt business in the UK and have shifted and changed operational structures in light of Britain’s impending departure from the European Union
If you hadn't noticed , a lot of companies don't manufacture in the UK anymore ..nothing to do with Brexit.
Why do you think he is being criticised in all the papers, on tv, and on both sides of the Brexit argument. You are right, and they must be wrong, all of them.
"We have a British company , which employs over 3,500 workers in the uk , continue to invest in this country in a big way and last year paid 95 million in uk taxes ..now people want to make him out to be a hypocrite ..he has said that the HQ move to singapore has nothing to do with Brexit and nobody has proved this to not be genuine."
Please educate us all what exactly is wrong or incorrect about my previous statement . People just love to have a focus of attention and a bandwagon to jump on ,just read some of the headlines stirring it up . I don't agree with his no deal views but I fail to see the hypocrisy in him making a business decision which he says is nothing to do with Brexit. If anyone should be the focus of peoples anger , it should be the politicians who have created a country divide that will probably be irreperable.
What to Watch: Brexit Russian roulette, global growth, and trade fears dampen stocks
Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad: Brexit’s economic ‘Russian roulette’ and major company fears and actions During the World Economic Forum in Davos, Switzerland, a flurry of politicians, company executives, and former UK government officials have warned about the impact Brexit will have business and the economy
Ex-chancellor George Osborne: No-deal Brexit plays Russian roulette with UK economy
The former UK chancellor George Osborne said delaying Brexit is “most likely” and that the possibility of a no-deal Brexit is playing Russian roulette with the economy. Osborne, now the editor of London’s Evening Standard newspaper amongst nine jobs taken since leaving parliament, said in an interview at the World Economic Forum in Davos, Switzerland, that crashing out of the bloc without a deal in place meant “the gun is held to the British economy’s head.”
Jet2 boss warns of ‘extremely damaging’ effects of no-deal Brexit for airlines
The boss of Jet2 has warned that a no-deal Brexit would be “extremely damaging” for both the UK and Europe, as the airline braces for potential restrictions and cost increases. Steve Heapy, chief executive of Jet2.com and Jet2holidays, said flying to Europe from the UK could be more expensive and heavily regulated for operators after Brexit.
Optimism in UK factories sours as Brexit, global economy take toll - CBI
LONDON, Jan 23 (Reuters) - Optimism in British factories faded badly over the last three months, especially around the outlook for exports in a slowing global economy and ahead of Brexit, an industry survey showed on Wednesday. The Confederation of British Industry's (CBI) quarterly gauge of manufacturing expectations fell to -23 in the three months to January from -16 in the period to October, its lowest level since July 2016. The survey adds to signs of fading business confidence ahead of Britain's scheduled departure from the European Union on March 29.
Burberry says would pay a high price for no-deal Brexit
LONDON (Reuters) - Britain's premier luxury brand Burberry said a no-deal Brexit would cost it tens of millions of pounds in tariffs and severely disrupt the movement of fabrics and finished products between its suppliers, manufacturing centres and stores. Britain is due to leave the European Union in 65 days, and with Prime Minister Theresa May failing to win support for her negotiated deal, companies are increasingly worried about the possibility of a chaotic Brexit.
No deal Brexit would represent 'profound' failure - Moody's
LONDON (Reuters) - A no deal Brexit would represent a major failure of Britain's political institutions that would weigh negatively on the country's creditworthiness, ratings agency Moody's said on Wednesday. "From a sovereign credit perspective, if you end up with a 'no deal' Brexit that is a sign that something institutionally has really quite profoundly failed," Moody's senior vice president Sarah Carlson told a conference in London. Carlson said perceptions of how functional a country's institutions were was a big factor in setting its credit rating, though Moody's would need to disentangle short-term noise and long-term damage in the event of a disorderly Brexit.
Delaying Brexit worse than no deal, says Liam Fox Delaying or cancelling Brexit would be a "calamitous" breach of trust with the electorate and worse than leaving the EU with no deal, Liam Fox has said.
The Brexiteer minister told BBC's Radio 4's Today programme MPs pushing for a delay actually wanted to stop Brexit.
He said this was the "worst outcome" of the current wrangles.
Comments
Well he would say that wouldn't he.
What benefit would it be for him or his company to be disingenuous about that statement bearing in mind his Brexit stance hasn't changed.?
Another point is that the manufacturers most likely to be affected badly by Brexit, is the car industry.
He is building a car factory in Singapore, and has been a cheer leader for Brexit.
The effect of Brexit on car manufacturing include doubts about just in time manufacturing, supply lines, and EU rules on components.
I am usually sceptical of coincidences, but this could be one.
oioi, congrats on 2,000 posts, 100 pages & 16,400 views.
Liberal Democrat MP and Best for Britain supporter Layla Moran said the move smacks of ‘staggering hypocrisy’. She added: ‘It is utterly unbelievable that the business face of Brexit is moving yet another part of his business out of the UK. ‘This can only be seen as a vote of no confidence in the idea of Brexit Britain.’
Brexiteer Sir James Dyson is accused of 'staggering hypocrisy' after relocating his head office to SINGAPORE - but insists it's NOT because Britain is leaving the EU
Dyson announced today its head office would be relocated to Singapore
Vaccum cleaner and domestic appliance firm is an icon of British invention
But its head office will no longer be in the UK and it will be registered abroad
Sir James Dyson voted for Brexit and urged May to walk away without a deal
Move comes amid fear Nissan, Ford and Toyota could also cut UK manufacturing
https://www.dailymail.co.uk/news/article-6619953/James-Dyson-relocates-SINGAPORE-despite-voting-Brexit.html
Companies press Brexit panic button in further blow to Theresa May
P&O opts for Cypriot flag, Sony confirms HQ move and Pets at Home stockpiles cat food
The scale of no-deal panic gripping major companies has been thrown into sharp focus by a series of damage-limitation announcements, as corporate Britain signalled it is running out of patience with Westminster gridlock.
Sir James Dyson, the Brexit-backing billionaire, dealt a further blow to the government by revealing he is shifting his company headquarters to Singapore in a move that drew sharp criticism.
Dyson’s decision to move his HQ out of the UK came on a day in which a series of high-profile names revealed measures to mitigate the impact of a disorderly departure from the EU:
• P&O announced that its entire fleet of cross-Channel ferries will be re-registered under the Cypriot flag, as the 182-year-old British maritime operator activated its Brexit plans.
• Sony confirmed it is moving its European headquarters from London to Amsterdam.
Advertisement
• The chief executive of luxury carmaker Bentley said the company was stockpiling parts and described Brexit as a “killer” threatening his firm’s profitability.
• Retailers Dixons Carphone and Pets at Home announced plans to shore up supplies in the event of chaos at British ports.
Sir James Dyson failed to appear at a media event at which his company announced the relocation of its corporate base from Wiltshire to Singapore. Dyson, who was a leading supporter of the leave campaign who urged ministers to walk away without a deal saying “they’ll come to us”, did not explain why he is taking the HQ of the firm he founded in 1991 out of the UK.
https://www.theguardian.com/technology/2019/jan/22/no-deal-brexit-panic-grips-major-uk-firms
Brexiteer Sir James Dyson is accused of 'staggering hypocrisy' after relocating his head office to SINGAPORE - but insists it's NOT because Britain is leaving the EU
Dyson announced today its head office would be relocated to Singapore
Vaccum cleaner and domestic appliance firm is an icon of British invention
But its head office will no longer be in the UK and it will be registered abroad
Sir James Dyson voted for Brexit and urged May to walk away without a deal
Move comes amid fear Nissan, Ford and Toyota could also cut UK manufacturing
https://www.dailymail.co.uk/news/article-6619953/James-Dyson-relocates-SINGAPORE-despite-voting-Brexit.html
Companies press Brexit panic button in further blow to Theresa May
P&O opts for Cypriot flag, Sony confirms HQ move and Pets at Home stockpiles cat food
The scale of no-deal panic gripping major companies has been thrown into sharp focus by a series of damage-limitation announcements, as corporate Britain signalled it is running out of patience with Westminster gridlock.
Sir James Dyson, the Brexit-backing billionaire, dealt a further blow to the government by revealing he is shifting his company headquarters to Singapore in a move that drew sharp criticism.
Dyson’s decision to move his HQ out of the UK came on a day in which a series of high-profile names revealed measures to mitigate the impact of a disorderly departure from the EU:
• P&O announced that its entire fleet of cross-Channel ferries will be re-registered under the Cypriot flag, as the 182-year-old British maritime operator activated its Brexit plans.
• Sony confirmed it is moving its European headquarters from London to Amsterdam.
Advertisement
• The chief executive of luxury carmaker Bentley said the company was stockpiling parts and described Brexit as a “killer” threatening his firm’s profitability.
• Retailers Dixons Carphone and Pets at Home announced plans to shore up supplies in the event of chaos at British ports.
Sir James Dyson failed to appear at a media event at which his company announced the relocation of its corporate base from Wiltshire to Singapore. Dyson, who was a leading supporter of the leave campaign who urged ministers to walk away without a deal saying “they’ll come to us”, did not explain why he is taking the HQ of the firm he founded in 1991 out of the UK.
https://www.theguardian.com/technology/2019/jan/22/no-deal-brexit-panic-grips-major-uk-firms
Listen , it suits the remain camps modus operandi and sensationalist press to make a meal of this and possibly jump to the wrong conclusions . We have a British company , which employs over 3,500 workers in the uk , continue to invest in this country in a big way and last year paid 95 million in uk taxes ..now people want to make him out to be a hypocrite ..he has said that the HQ move to singapore has nothing to do with Brexit and nobody has proved this to not be genuine. We should actually be thanking him for his continuing investment in the UK , not trying to demonise him
He was a cheer leader for a no deal Brexit.
To subsequently build a car factory in Singapore instead of the UK, and also move his head office, is clearly hypocritical.
In case you didn't notice, he is being criticised by both sides.
He is claiming that there are no tax benefits, and therefore just chose Singapore over The UK.
Dyson no longer manufacture anything in the UK.
If you hadn't noticed , a lot of companies don't manufacture in the UK anymore ..nothing to do with Brexit.
You are right, and they must be wrong, all of them.
The EU's stance on the necessity for a Border in a no deal Brexit has dramatically hardened.
In a devastating blow to the Government, the EU now appears to be leaning on Dublin for concessions ahead of a final showdown with the UK.
Brussels has indicated there will be an obligation on Ireland to erect a hard Border in a disorderly Brexit.
Officials gave Tánaiste Simon Coveney no warning before publicly declaring the “obvious” outcome of a hard Brexit will be a hard Border.
"We already have that agreement and that is the backstop. Nobody who is opposed to the backstop can credibly state he or she is also against a hard Border unless he or she can come up with something else that aligns customs and regulations and allows a Border to be avoided. Nobody else has done that yet."
https://www.msn.com/en-gb/news/brexit/eu-now-looks-set-to-ask-ireland-to-accept-concessions/ar-BBSCEgc?ocid=spartandhp
Electronics giant Sony is moving its European headquarters from the UK to the Netherlands.
In a statement to news agency AFP, it said that the move was to avoid disruptions caused by Brexit. However, it said that it won’t shift people and operations from the existing UK unit.
The group’s rival Panasonic has already moved its HQ to Amsterdam due to Brexit. Sony’s decision is also the latest in a long line of other Japanese companies and politicians that have voiced concerns over how Brexit would disrupt business in the UK and have shifted and changed operational structures in light of Britain’s impending departure from the European Union
https://uk.finance.yahoo.com/news/sony-move-europe-hq-netherlands-uk-brexit-091020517.html
Please educate us all what exactly is wrong or incorrect about my previous statement .
People just love to have a focus of attention and a bandwagon to jump on ,just read some of the headlines stirring it up .
I don't agree with his no deal views but I fail to see the hypocrisy in him making a business decision which he says is nothing to do with Brexit.
If anyone should be the focus of peoples anger , it should be the politicians who have created a country divide that will probably be irreperable.
Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad:
Brexit’s economic ‘Russian roulette’ and major company fears and actions
During the World Economic Forum in Davos, Switzerland, a flurry of politicians, company executives, and former UK government officials have warned about the impact Brexit will have business and the economy
https://uk.finance.yahoo.com/news/watch-brexit-russian-roulette-global-growth-trade-fears-dampen-stocks-094537431.html
The former UK chancellor George Osborne said delaying Brexit is “most likely” and that the possibility of a no-deal Brexit is playing Russian roulette with the economy.
Osborne, now the editor of London’s Evening Standard newspaper amongst nine jobs taken since leaving parliament, said in an interview at the World Economic Forum in Davos, Switzerland, that crashing out of the bloc without a deal in place meant “the gun is held to the British economy’s head.”
https://uk.finance.yahoo.com/news/ex-chancellor-george-osborne-gun-held-british-economys-head-063322467.html
The boss of Jet2 has warned that a no-deal Brexit would be “extremely damaging” for both the UK and Europe, as the airline braces for potential restrictions and cost increases.
Steve Heapy, chief executive of Jet2.com and Jet2holidays, said flying to Europe from the UK could be more expensive and heavily regulated for operators after Brexit.
https://uk.finance.yahoo.com/news/jet2-boss-warns-extremely-damaging-090950494.html
LONDON, Jan 23 (Reuters) - Optimism in British factories faded badly over the last three months, especially around the outlook for exports in a slowing global economy and ahead of Brexit, an industry survey showed on Wednesday.
The Confederation of British Industry's (CBI) quarterly gauge of manufacturing expectations fell to -23 in the three months to January from -16 in the period to October, its lowest level since July 2016.
The survey adds to signs of fading business confidence ahead of Britain's scheduled departure from the European Union on March 29.
https://uk.finance.yahoo.com/news/optimism-uk-factories-sours-brexit-global-economy-toll-110816125--finance.html
LONDON (Reuters) - Britain's premier luxury brand Burberry said a no-deal Brexit would cost it tens of millions of pounds in tariffs and severely disrupt the movement of fabrics and finished products between its suppliers, manufacturing centres and stores.
Britain is due to leave the European Union in 65 days, and with Prime Minister Theresa May failing to win support for her negotiated deal, companies are increasingly worried about the possibility of a chaotic Brexit.
https://uk.finance.yahoo.com/news/burberrys-third-quarter-same-store-sales-1-percent-072216753--finance.html
LONDON (Reuters) - A no deal Brexit would represent a major failure of Britain's political institutions that would weigh negatively on the country's creditworthiness, ratings agency Moody's said on Wednesday.
"From a sovereign credit perspective, if you end up with a 'no deal' Brexit that is a sign that something institutionally has really quite profoundly failed," Moody's senior vice president Sarah Carlson told a conference in London.
Carlson said perceptions of how functional a country's institutions were was a big factor in setting its credit rating, though Moody's would need to disentangle short-term noise and long-term damage in the event of a disorderly Brexit.
https://uk.finance.yahoo.com/news/no-deal-brexit-represent-profound-failure-moodys-100821299--business.html
Delaying or cancelling Brexit would be a "calamitous" breach of trust with the electorate and worse than leaving the EU with no deal, Liam Fox has said.
The Brexiteer minister told BBC's Radio 4's Today programme MPs pushing for a delay actually wanted to stop Brexit.
He said this was the "worst outcome" of the current wrangles.
https://www.bbc.co.uk/news/uk-politics-46971390