Will British businesses flee after Brexit?

British businesses are sure to react to Brexit.

(Image credit: Getty Images)

published 6 October 2016

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.