The Independent reports that Microsoft is threatening to shift investment out of the UK, following previous announcements from UBS and HSBC to shift jobs to the EU. A link to the story is here: http://www.independent.co.uk/news/business/news/brexit-us-firms-trade-threat-london-eu-move-uk-relocate-move-report-a7473251.html
The latest in a series of demands. This from the City – an attempt to use Brexit to pressure the government into making concessions to business. If the UK government doesn’t budge – other governments will be […]
Goldman Sachs has announced that it will begin moving hundreds of staff from London to Frankfurt and Paris prior to the UK’s exit from the EU as part of a contingency plan. Richard Gnodde, chief […]
The head of European manufacturing at Nissan has given evidence to the International Trade committee this week. It provides a glimpse into the way in which Brexit will divert energy and resources to the largest […]
Piece from the Guardian pointing to an investigation by the competition authority into price fixing within the pharmaceutical industry. Actavis charged NHS 80% more for hydrocortisone tablets after incentivising rival Concordia not to launch its […]
GM has apparently promised to continue investing in the UK. The desperation of the British government to retain investment, coupled with the increased bargaining power of transnationals, will inevitably redirect government funding and attention towards capital. The […]
Copyright: Corporate Welfare Watch 2017