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Edwin Hayward🦄🏹🗡️
Brexit's already having a massive impact on the UK, even ahead of our official departure from the EU. Here are 250+ fully-sourced examples of Brexit's effects. Jobs going, investment drying up, companies moving assets to the EU, or redomiciling. Project *fact* not project fear.
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
The Government has spent £4.2 billion pounds on Brexit preparations (£2.2 billion in previous Budgets, plus an additional £2 billion in the most recent Budget.) 1/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
EU citizens will be obliged to register to stay in the UK after Brexit (deadline is June 2021). The registration system, which cost the Government £175 million, will have to cope with over 3,500,000 applications, or several thousand a day on average. 2/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
Barden Corporation is closing down its Plymouth factory after 51 years, putting 400 jobs at risk, as its parent company Schaeffler shifts production to various sites outside the UK due to Brexit. 3/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
Barclays was granted legal permission in January 2019 to move €190bn (£166bn) of assets from the UK to Dublin in advance of 29 March 2019. The sum represents about 15% of the bank's total assets. It is doubling its Dublin operation to 300 staff. 4/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
8 health providers have warned of medicine shortages in the event of a no-deal Brexit: "we do not believe that the current medicine supply plans will suffice, and we will have widespread shortages if we do not respond urgently." 5/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
In December 2018, the Government signed agreements worth £107.7 million with 3 ferry companies to provide extra capacity in event of a no deal Brexit. Turns out Seaborne (£13.8 million deal) had no ferries, or experience in the transport industry! 6/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
A $15 billion hedge fund specialising in distressed debt is gearing up to profit out of Brexit chaos. (You just knew the vultures would be circling...) 7/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
A ferry company has brought in 2 new ships, including the "Brexit Buster" ship Celine (600 truck capacity, world's largest short sea roll-on roll-off ferry). Idea is to bypass the UK and send freight directly from Ireland to Belgium and Spain. 8/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
The Department of Health has proposed a "serious shortage protocol" that would enable pharmacists to dispense equivalent alternatives to a patient's regular prescription medication without having to consult the prescribing GP. 9/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
Columbia Threadneedle switched £6.2 billion worth of assets from UK domiciled funds to Luxembourg domiciled funds. 10/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
Home Office private beta of EU citizen registration system took 2 weeks to process just 1,053 applicants (despite testing relatively "easy" batches of cases). Full system will have to work 36x faster to cope with *3 million* people in 3 years. 11/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
Standard Life reported having incurred £12 million of "Brexit related costs" in its 2018 half-year results report. 12/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
The annual cost to the NHS of securing all necessary visas and other documentation for its overseas staff post-Brexit (i.e. under the new immigration regime) is estimated at £490 million. 13/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
Lloyd's of London (company with 15% of business done with EU27 counterparts) officially opened Lloyd's Brussels, its post-Brexit EU headquarters, in early November 2018. The new operation has 50 staff, and plans to service customers across the EU27. 14/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
SwissQuote cancelled its expansion plans in London after Brexit, and instead bought a bank in Luxembourg. Chief Executive: "With the coming Brexit we needed to have strategic options and Luxembourg is a very good place for these." 15/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
HSBC announced in its 2017 annual report that it had incurred $28 million of "costs associated with the UK’s exit from the EU". 16/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
Haulage companies face a lottery for scarce permits to continue doing business internationally post-Brexit, after the Government admits there are less than 10% of the needed number of permits to go around. 17/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
Bank of America has spent around $400 million preparing for Brexit, including establishing new subsidiaries in Paris and Dublin, moving staff etc. It has shifted US$50 billion of assets to Dublin. 18/254
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Edwin Hayward🦄🏹🗡️ Mar 11
Replying to @uk_domain_names
Brexit is killing a crucial source of early-stage tech funding: "Funding for UK tech firms by the European Investment Fund (EIF) fell by 91 per cent during 2017 to €61.1m (£53m) compared with €708.8m the previous year." 19/254
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