How will Brexit affect the big companies in the UK

With Britain facing six-month uncertainty over Brexit, the cost is accumulating for the UK industry, which is preparing for the split.

Companies spend millions of pounds on unforeseen circumstances, preparing for the worst scenario "no deal Brexit." This is a grace for lawyers, consultants, regulatory agencies and customs agents, but a long business confusion in the various industries.

Here's what Brexit means for six big companies and what these costs mean.

RBS

Royal Bank of Scotland Group Plc expects to spend between £ 100 million and £ 150 million ($ 130 million and $ 196 million) to plan Brexit, according to a company spokesman. He has applied for new bank licenses in the EU and has transferred billions of pounds to Amsterdam.

With these funds, RBS could pay the salaries of 1,600 employees in one year, about 2% of its workforce, based on data in the Bank's annual report.

HSBC

HSBC Holdings Plc has spent $ 179 million on Brexit's contingency plans so far, according to a company spokesman. The bank has set up new branches and has applied for new EU licenses.

The bank could pay salaries to around 2500 employees for one year with these funds, about 1% of the world's workforce, by accepting the average salary of a HSBC employee calculated from their annual report for 2018.

Hiscox

Hiscox has spent $ 15 million on Brexit training, creating a new subsidiary in Luxembourg to continue servicing clients in Europe.

EasyJet

EasyJet Plc has spent 9 million pounds over the past two years, preparing for Brexit, opening a new European plant in Austria.

AstraZeneca

AstraZeneca Plc has set its Brexit preparation costs to about $ 40 million spent on measures, including duplication of tests in the EU, transfer of regulatory licenses, and preparation for new customs agreements.

Babcock

Babcock International Group Plc has spent £ 10 million to create separate subsidiaries in Europe to carry out air fire and rescue operations.

The company could have paid 223 employees a year with these funds, around 0.6% of the world's workforce, assuming the average salary of a Babcock employee in 2018.

Read more:

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• Mark Mobius: It’s time Theresa May to go