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Netherlands talking to 250 firms about leaving UK

Netherlands talking to 250 firms about leaving UK

The Dutch government has said it is in talks with more than 250 companies about moving their operations from the UK to the Netherlands before Brexit.

The economic affairs ministry said it had lured 42 companies or branch offices and 1,923 jobs from the UK last year, as it increases its efforts to gain Brexit business.

Among those who have chosen to invest in the Netherlands are the Discovery Channel, Sony and Bloomberg.

Sony announced last month it was moving its European headquarters to Amsterdam, as companies in the UK continue to progress with contingency plans. Its rival Panasonic has already moved to the Dutch capital.

The government report said another Japanese company, the investment bank Norinchukin, was also moving to Amsterdam, along with the global content company TVT Media, the financial services providers MarketAxess and Azimo, and the maritime insurer UK P&I Club.

While Mark Rutte, the Dutch prime minister, recently said he did not see Brexit as a business opportunity, countries including Ireland, France, Germany, Belgium and Luxembourg have been actively looking for opportunities to capitalise on Brexit ever since the EU referendum.

Banks and other financial services are obliged to have operations in a member state if they want to serve a pan-EU market, while broadcasters who transmit across the EU need to have a licence in one member state to meet regulations.