A worker assembles components at the Mec Com Ltd factory near Stafford, central England December 15, 2016.REUTERS/Phil Noble
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Far from the "profound and immediate economic shock" predicted by Britain's Finance Ministry in the event of a vote for Brexit, the economy has, so far, barely slowed.Britain is due to begin its two-year divorce process with the EU early next year.Many other companies seem to be taking a similar approach, including technology giants Facebook and Google, which have announced plans to create jobs in Britain in recent weeks.According to official data, businesses increased investment in the three months after the referendum.The drag could be softer if there is progress toward a good Brexit deal for Britain, which would push up the value of sterling and ease the inflation hit, he said last month.Juergen Zahl, managing director of Brose U.K., said there were question marks about whether carmakers in Britain might end up shifting production to other countries in the EU in the event of a Brexit deal leaving the sector facing high trade tariffs.But Japanese carmaker Nissan's decision in October to build more cars in Britain was a positive sign, Zahl said.
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