Formula E Prepares to Leave UK if EU Customs Union Deal Not Reached
FIA Formula E CEO Alejandro Agag has said that he is prepared to pull his organisation out of the United Kingdom “within 24 hours” if the country does not reach a customs union deal with the European Union after Brexit.
During a wide ranging discussion on BBC’s Question Time on Thursday evening, Agag revealed Formula E’s contingency plan for a quick exit from the UK should the current Conservative government fail to negotiate a viable customs union deal.
“It’s crazy not to have a full customs union,” said Agag. “I started a company five years ago in the UK. I employ probably 120 people direct and maybe 1000 [people] indirect.
“We have made a plan to leave the UK in 24 hours. I would offer jobs to all my British employees of course in our new location in Europe, and we will go.
“I am waiting for the deal. If there is no deal, we will go.”
Agag did not elaborate on where the Hammersmith, London office and its Donington Park headquarters, which handle day to day operations and logistics for the Formula E World Championship, will be relocated to.
Formula E currently has offices located in the Netherlands, an EU member state, and in Hong Kong S.A.R.
Agag stressed the vital importance of the customs union, which allows UK tariff-free access to the EU, in order to keep Formula E operations in the UK.
“I would love to stay! I love the UK. This country allowed me to create my company, and it’s a fantastic country. This is where my kids live. We would love to stay here.
“We just want to see if we are going to be allowed to stay or not – and it’s a lot of jobs.”
Image: Formula E
300-101 400-101 300-320 300-070 300-206 200-310 300-135 300-208 810-403 400-050 640-916 642-997 300-209 400-201 200-355 352-001 642-999 350-080 MB2-712 400-051 C2150-606 1Z0-434 1Z0-146 C2090-919 C9560-655 642-64 100-101 CQE CSSLP 200-125 210-060 210-065 210-260 220-801 220-802 220-901 220-902 2V0-620 2V0-621 2V0-621D 300-075 300-115 AWS-SYSOPS 640-692 640-911 1Z0-144 1z0-434 1Z0-803 1Z0-804 000-089 000-105 70-246 70-270 70-346 70-347 70-410