Progress update

- Since the referendum results, investment in the UK car manufacturing sector has fallen from £4.5 billion to less than £0.25 billion (we export 60% of cars we make to the EU)

- Sterling is now trading at 1.21 against the Dollar, down from 1.48 in 2016, against the Euro it's performed similarly badly, down from 1.40 in 2016  to 1.09 yesterday.

- We've spent roughly a billion pounds of taxpayer money on Brexit preparations so far, the cost is predicted to exceed £2 billion.

- Aviva is moving £7.8 billion in assets from the UK to Ireland (Feb 2019)

- BOA Merrill Lynch is moving it's HQ from London to Paris and is transferring 125 jobs to Dublin

- Barclays has moved £166 billion of client assets to Dublin from London

- British steel risks going into administration with 4,000 jobs on the line (with 20,000 jobs in the supply chain)

- Dyson is moving it's HQ from the UK to Singapore

- Ford is cutting jobs in the UK, threatening the viability of three major plants in the UK

- Goldman Sachs is moving staff to the continent ahead of Brexit

- Honda is closing manufacturing in Swindon, culling 3,500 jobs

- Jaguar Land-Rover is cutting 4,500 jobs, the firm currently employs 44,000 people in the UK

- JP Morgan Chase is removing 4,000 positions from London and moving to Frankfurt

- Lloyds is opening a new EU base, transferring business to a Brussels subsidiary by 2020

- Nissan is abandoning manufacture of it's new X-Trail SUV in Sunderland, relocating to Japan instead

- Panasonic is moving it's European HQ to Amsterdam

- Philips is losing 430 jobs in the UK, all roles being transferred to Holland.

- Rolls-Royce is cutting 4,600 jobs in Derby by 2020, moving aero engine production to Germany

- Sony is moving it's European HQ from London to Amsterdam

- UBS is choosing Frankfurt as the base for EU operations over London

- Unilever has abandoned dual HQ plans and is making Rotterdam it's EU HQ.


Now you could argue that these things may have happened anyway and that Brexit is just a coincidence, but, that's a bit like trying to argue that our planet isn't getting warmer when the hottest 10 years on record (since the 1800's) have all happened since 2002, i.e. not likely. Brexit is likened to the UK's "Vietnam", the only difference is that the people of the UK are fighting and paying on BOTH sides!