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Economy News
 
EU firms scale back presence in UK as Brexit nears
20-Mar-2018

One in seven businesses from European Union countries with a presence in Britain have moved parts of their business out of the country because of concerns about disruption after Brexit, according to a survey published on Tuesday. Fourteen percent of EU firms with assets in Britain, such as offices, warehouses or factories, have scaling back their business, the survey by the Chartered Institute of Procurement and Supply (CIPS) showed. Furthermore, 11 percent of EU companies had moved some of their workforce out of the United Kingdom since the Brexit vote in 2016, the survey of supply chain managers showed.

News Source:- https://in.reuters.com/article/britain-eu-businesses/eu-firms-scale-back-presence-in-uk-as-brexit-nears-survey-idINKBN1GW01R