Study shows
Research from global professional services recruiter Morgan McKinley reveals that the UK working population are not happy with the Brexit vote, with 58% of professionals wanting another vote to determine the UK’s future.
The Morgan McKinley Brexit survey of over 7,000 professionals, from sectors such as Banking & Financial Services, Professional Services, Commerce & Industry, Public Sector, Retail and Construction, was carried out to understand the impact of Brexit on the UK working population, with insights into views of the situation 20 months on from the referendum.
The research found that only 30 per cent of professionals knew that theirorganisations have been making plans to relocate to other jurisdictions, but the sentiment was not shared by the individuals. 41 per cent stated that they would not move abroad, with another 22 per cent saying they were unsure.
In addition, 87 per cent of respondents have little or no confidence that the Government would follow through with negotiations that support a favourable transition for the British people. As a result, professionals from other jurisdictions are already leaving the UK to return to their home nations. One respondent noted “I have accepted a job in the continent to skip uncertainty and avoid facing recession in the UK. I want to be part of the first wave of Brexodus to be able to pick the best opportunity in the continent where the EU economy is growing.”
From the perspective of employers, the lack of clear strategy resulted in 50 per cent of professionals declaring that their employer had not made any adjustments to account for Brexit, whilst of those taking measures, the Banking & Financial sector was the largest group to already be executing contingency plans – be it relocating aspects of the business or hiring people to account for change.
Hakan Enver, Managing Director at Morgan McKinley, and the driving force behind the public perception of Brexit, commented on the findings, “Time being a healer doesn’t necessarily apply when reviewing the findings of our most recent Brexit survey. There still exists an overwhelming feeling of disappointment coming from UK working professionals and it appears to stem from either the original decision to leave the EU, or through the general lack of clarity around what the future landscape will look like. Opinions are as mixed as they have w2always been, which causes furthers anxiety amongst many. There is no doubt EU citizens are leaving the UK to head back to home nations, which in turn threatens to damage the UK’s reputation in sectors such as Technology and Financial Services. ”
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