Companies signal loosing patience on Brexit

The scale of no-deal panic gripping major companies has been thrown into sharp focus by a series of damage-limitation announcements, as corporate Britain signalled it is running out of patience with Westminster gridlock.

Sir James Dyson, the Brexit-backing billionaire, dealt a further blow to the government by revealing he is shifting his company headquarters to Singapore in a move that drew sharp criticism.

The Guardian reports that Dyson’s decision to move his HQ out of the UK came on a day in which a series of high-profile names revealed measures to mitigate the impact of a disorderly departure from the EU:

P&O announced that its entire fleet of cross-Channel ferries, will be re-registered under the Cypriot flag, as the 182-year-old British maritime operator activated its Brexit plans.

Sony confirmed it is moving its European headquarters from London to Amsterdam.

The chief executive of luxury carmaker Bentley said the company was stockpiling parts and described Brexit as a “killer” threatening his firm’s profitability.

Retailers Dixons Carphone and Pets at Home announced plans to shore up supplies in the event of chaos at British ports.