> No ability for British firms to operate in other European countries with equivalent rights as a local company, will have to form subsidiaries instead in many

> No ability for British firms to operate in other European countries with equivalent rights as a local company, will have to form subsidiaries instead in many cases. This has never been the case. To enjoy full rights, you have to have a local office. Tax forms e.g. Hungarian employment tax forms doesn't even accept the UK postcodes as administrative address, let alone grant application forms.