Doughty – Jobs cost of Brexit is beginning to mount

Over 30% of companies now anticipate moving staff out of the UK because of Brexit – up from just 19% in the summer of 2017, according to the latest CFO Brexit Survey from Thompson Reuters.

Commenting, Stephen Doughty MP, leading supporter of the People's Vote campaign, said:

“The costs of Brexit will mount up as we get ever closer to the Government’s self-imposed deadline to leave the European Union, and it becomes more and more clear that the Brexit we were promised, with frictionless trade and access to the Single Market on the same terms as now is not going to be delivered.

“Brexit threatens to put barriers between us and our biggest market, with leaving the Customs Union harming trade in goods and leaving the Single Market damaging services. It cannot be a surprise that firms are planning to respond to this by switching jobs abroad.

“As the economic damage of the Government’s plans for a hard Brexit become ever clearer, more and more people are demanding a People’s Vote on the terms of the final Brexit deal. Brexit is too important to be left to 650 MPs at Westminster, it needs to be in the hands of all 65 million people in the UK.”

/ends

 

Notes to editors

The survey can be accessed here: https://www.thomsonreuters.com/content/dam/ewp-m/documents/thomsonreuters/en/pdf/reports/q12018brexitreport.pdf