Hard Brexit could force Dutch electronics firm Philips to quit UK

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Philips CEO says cost of exported products could increase if UK leaves single customs union

Dutch electronics firm Philips has warned it may shift production out of Britain in the event of a “hard” Brexit, saying it was “deeply concerned about competitiveness” of its operations there.

The Amsterdam-based group employs about 1,500 people in Britain, most notably at its factory at Glemsford in Suffolk making baby care products for export.

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