Vodafone among firms that may move HQs from post-Brexit UK

Beginning of negative economic fallout. Bad news for the UK.


Vodafone has warned that it could move its head office from the UK if negotiations for a post-Brexit Britain do not result in freedom of movement for people, capital and goods.

The telecoms company, which employs nearly 110,000 people around the world and about 13,000 in the UK, said it would take “whatever decisions are appropriate” once the outcome of the talks is known.

In a statement, the company pointed out that its European businesses produce 55% of the group’s annual profit, the UK 11%. Britain’s membership of the EU had been an important factor in Vodafone’s growth, it said. “Freedom of movement of people, capital and goods are integral to the operation of any pan-European business, as are single legal frameworks spanning all member states.

https://www.theguardian.com/busines...lan-investment-freeze-amid-brexit-fallout-cbi