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Dutch fury, British joy as Shell relocates to UK

Royal Dutch Shell will move its headquarters and tax residence from the Netherlands to the U.K. in a decision that sparked outrage in The Hague and jubilation in London.

The Dutch government said it was “unpleasantly surprised” by the announcement. “We are in talks with the head of Shell about the consequences of this decision for jobs, crucial investments, and sustainability,” said Dutch Minister of Economic Affairs Stef Blok.

It was a different story in London, where U.K. Business Secretary Kwasi Kwarteng welcomed the news: “A clear vote of confidence in the British economy… ”

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