Mohacsy's Safe Portfolio Member Forum

[Elroy Jetson]

UK firms are needing to re-position their production to prepare for Brexit because it seems very likely the UK will leave the Customs Union of the EU and there will be import tariffs imposed between England and Europe which will result in fewer jobs in England. Businesses can't afford to take the chance that Brexit works out smoothly.

Sale of Colemans products in the UK are less than 10% of their sales in Europe, so they need to move the majority of the production jobs to Germany to fulfill the 90% of their Europeans sales.

Many UK firms are moving jobs from the London area to Ireland which will remain part of the EU. While many banking center jobs are moving to Paris, Berlin and Luxembourg.

It's interesting to note that pro-Brexit politicians get their most extensive coverage in the UK from Putin's Russia Today news network. The same network which promoted Trump.

https://www.express.co.uk/news/uk/901927/Brexit-news-European-Union-EU-UK-Philip-Hammond-latest-vote-referendum

Automakers went through this a long time ago, distributing production plants around the world proportionately to where they sell their products because each customer nation wants its share of jobs.