Thread by @uk_domain_names

Another long "actual consequences of Brexit" thread, to go along with the 100+ I previously highlighted...

The Electoral Commission reports that it cost £129.1 million to stage the 2016 referendum, including £94.5 million spent on administration. 1/33
inews.co.uk/news/brexit/br…

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! 2/33
theguardian.com/politics/2018/…

Scotland's largest turkey farmer is moving 10% of his business (tens of thousands of birds) to the Continent in preparation for a no-deal Brexit, and because he can no longer be assured of access to seasonal workers. 3/33
dailyrecord.co.uk/news/business-…

UBS has picked Frankfurt for its post-Brexit European hub, and expects to incur costs of more than US$100 million because of Brexit, including relocation and legal costs. 4/33
bloomberg.com/news/articles/…

Johnson & Johnson expects to spend US$80 million on new customs clearances and conformity assessment processes, and anticipates that its Brexit costs in the UK will peak at US$180 million in 2025. 5/33
bloomberg.com/news/articles/…

A Sheffield company, B.Braun Medical, spent £3 million on Brexit preparations. Their boss said he "can't see anything positive about Brexit", and noted that it was "dead money" that could have been spent "recruiting, developing and training people." 6/33
sheffieldtelegraph.co.uk/news/business/…

Official HMRC no-deal Brexit impact assessment predicts £6.5 billion/year administrative burden on UK businesses from additional import and export declarations. Pure red tape costs, for nothing whatsoever in return. Like driving with the handbrake on. 7/33
gov.uk/government/pub…

Marrone Bio Innovations, Inc. changed its trademark plans for Regalia: "We recently withdrew the EU application due to Brexit and plan to resubmit using the Netherlands rather than the UK as the designated rapporteur." 8/33
sec.gov/Archives/edgar…

M&G Investments is transferring 21 UK-domiciled Oeic funds to Luxembourg, representing £34.2 billion of assets. It is also closing three UK funds. 9/33
citywire.co.uk/wealth-manager…

Having stated in 2017 that a £150 million investment in tyre production in the UK was derailed by Brexit, Dmack announced in November 2018 that it is opening a factory in Italy instead, to fulfil an ambition to operate its own facility in Europe. 10/33
tyrepress.com/2018/11/dmack-…

France is planning to reconfigure its ports so that traffic destined for Ireland isn't delayed by the additional customs checks that will be required on UK-bound goods after Brexit. 11/33
irishtimes.com/business/trans…

Sumitomo Mitsui Financial Group has obtained approval from the ECB to establish a banking subsidiary in Frankfurt as part of its preparations for a no-deal Brexit. It intends the subsidiary to commence operations in 2019. 12/33
smbc.co.jp/news_e/e600486…

Crispin Odey, a hedge fund manager who donated almost £900,000 to pro-Brexit campaigns, boasted following the referendum that he made £220 million overnight by betting that the markets would collapse in the event of a leave vote. 13/33
theguardian.com/business/2018/…

95 job losses were announced at Wright Group, a Northern Ireland-based bus manufacturer, in June 2018 - with the losses being blamed on Brexit. It's worth noting that the company's founder was a prominent Leave supporter. 14/33
irishnews.com/business/2018/…

Pets at Home stated in November 2018 that it had stockpiled petfood and products worth "a couple of million pounds" in advance of Brexit, and warned that 17% of the goods it supplied came from outside the UK. 15/33
standard.co.uk/news/uk/pets-a…

Portsmouth City Council has claimed its investment in a portfolio of 13 commercial properties around the country, worth over £140 million, was risk-free, despite strong warnings of the potential for market disruption due to Brexit. 16/33
portsmouth.co.uk/our-region/por…

Oxford University Hospitals, which has the highest proportion of EU nurses of any trust outside London, has seen a dramatic exodus of EU staff. In the past year, of 133 departures, 108 were EU nationals. It currently has 450 nursing vacancies. 17/33
oxfordmail.co.uk/news/17003204.…

A no deal Brexit would put 25,000 ski resort and other seasonal overseas jobs at risk for British workers. 18/33
theguardian.com/politics/2018/…

Ireland won more than 55 Brexit-related investments in 2018. Overall, over 14,000 net jobs were created through foreign direct investment in Ireland last year, the highest level on record attributed to FDI. 19/33
thejournal.ie/ida-ireland-br…

Made.com is bulking up its Paris operation, and planning separate UK and EU supply chains for after Brexit. 20/33
telegraph.co.uk/technology/201…

RBS is applying for a German banking license to help preserve its EU27 business after Brexit. It has also set aside a £100 million contingency fund against bad loans due to Brexit (ie loans to firms going bust). 21/33
reut.rs/2CwhgHE

The UK Government failed to negotiate a visa waiver with the EU after Brexit, despite being gung-ho about the prospect, and it being part of the Political Declaration. Instead, we'll have to pay 7 Euro and register online in advance of travel. 22/33
theguardian.com/politics/2018/…

DEFRA tried to poach 75 staff from the Environment Agency in a panic over its lack of readiness for no-deal Brexit, according to a secret memo. Of course, that weakens the EA and decreases environmental protections. 23/33
theguardian.com/environment/20…

Bombardier, Cobham and over 200 other UK aerospace manufacturers have already applied to come under the jurisdiction of regulators in other EU countries, via an application process operated by the European Aviation Safety Authority. 24/33
theguardian.com/business/2018/…

The UK Government is hiring 150 lorries in order to simulate the congestion on Kent roads that could be expected after a no deal Brexit, and expects to conduct a range of tests in early January 2019. 25/33
businessinsider.com/uk-government-…

The Department for Education is set to lose up to 1,000 staff (1/6th of its entire workforce) under plans that would see civil servants redeployed to roles in other departments on the front line of a no deal Brexit scenario. 26/33
tes.com/news/exclusive…

Agents and landlords are having to turn potential renters away, because clarification of the Right to Rent checks that may be applicable to EU citizens post-Brexit was not fortcoming in the December 2018 immigration white paper. 27/33
propertyindustryeye.com/agents-turning…

Ford reported a near US$1 billion drop in profits from its European operations in its 2017 annual report, with US$600 million attributed directly to Brexit and the fall in the value of the pound since the referendum. 28/33
thisismoney.co.uk/money/news/art…

Defra is planning to set up a 24/7 emergency call centre for after a no-deal Brexit, to be staffed for three to six months in the first instance. 29/33
theguardian.com/politics/2018/…

Kent Police have been banned from taking any holidays for a month after Brexit Day. 30/33
metro.co.uk/2019/01/03/pol…

3,500 Army troops will be made available to "support any government department on any contingencies they may need" after a no deal Brexit. 31/33
independent.co.uk/news/uk/politi…

Societe Generale is establishing a Paris hub to be able to clear euro-denominated derivatives in the EU. This move comes as a result of client requests. 32/33
uk.reuters.com/article/uk-soc…

Thanks for reading this far. Please feel free to submit your own examples if I've missed anything. If you'd like to dig into the original super-massive list of over 100 realities of Brexit, I've embedded the first tweet in that thread below. 33/33

https://twitter.com/uk_domain_names/status/1067715341424431106