As North America wakes from its slumber, the United Kingdom is settling down after its most monumental political moment likely since World War II.
Britain’s referendum over staying a part of, or leaving, the European Union has been settled: Britain is out. The BBC reports Morgan Stanley has already begun moving some 2,000 employees from London offices to Frankfurt, Germany, and it’s feared it’s only the beginning.
Vauxhall, one of the country’s longest standing automakers now owned by General Motors, shares similar concerns after the country’s citizens declared it’s time to leave.
The Chester Chronicle reports on Vauxhall’s statement over Britain’s exit from the EU. The statement reads as follows:
It is important for Vauxhall that negotiations on the UK’s future relationship with the EU are concluded in a timely manner.
It is also important that business continues to benefit from the free movement of goods and people during this period.
Communication on the development of the future relationship with the EU should also be clear and transparent.
We fully support remaining part of the European Economic Area.
Previously, it was speculated the Vauxhall Ellesmere Port assembly plant could shutter in the wake of a Brexit, citing new, future tariffs in the country making it more difficult to manufacture in the country. More than 2,000 workers are employed at the Vauxhall facility, which is responsible for producing 150,000 vehicles every year.