Although only a handful have publicly discussed post-Brexit escape plans, many British executives seem to be mulling relocation in secret. An anonymous survey of 100 CEOs in the U.K. found that 76 of them are considering moving their corporate headquarters or parts of their business out of Britain in the wake of the country's vote in June to leave the European Union. About 7 in 10 of these surveyed CEOS had voted to remain in the EU, Bloomberg reports, and more than 50 percent "believe the U.K.'s ability to do business will be disrupted" by the split. Mobile carrier Vodaphone, affordable airline EasyJet, and foreign banks like J.P. Morgan and UBS are among the companies that have openly voiced potential plans to move out.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Backbench rebellions and broken promises: is it getting harder to govern?Today's Big Question Backbench rebellions and broken promises: is it getting harder to govern?
-
Hotels with kitchen gardens for a foodie weekend awayThe Week Recommends Feast on seasonal produce straight from the veg patch at these country retreats
-
Succession planning as the Dalai Lama turns 90In the Spotlight China 'determined to shape the narrative' around choice of Tibet's next spiritual leader
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
