Blogs

Brexit – what does it mean to our staff?

Between 21 July and 4 August Moore Stephens ran a survey of its 104 London personnel who are citizens of EU27 countries. The survey was anonymous, asking some specific questions, including whether they were more likely to stay in the UK or to go as a result of the Brexit vote, while also allowing respondents to explain their views.

A Brexit of uncertainty

With the UK and the European Union beginning the negotiations for Britain’s departure from the European Union, Nick Warner, Partner at Moore Stephens, believes the result of the recent UK election has changed the complexion of Brexit.

Tech sector’s post-Brexit concerns

Before the Brexit referendum in June 2016, the UK tech sector was clearly in favour of staying within the European Union. A pre-vote survey among tech companies found overwhelming support for the Remain position (94%). Of all respondents, 58% said that Brexit would ‘damage London’s position as a global tech hub’, although 24% said there would be little impact.

Post-election Brexit commentary

Given the turmoil caused by the hung parliament that now exists as a result of the 8 June General Election, Donald Tusk, the European council president, and Guenther Oettinger, Germany’s EU commissioner, have both hinted at a delayed start to the Brexit negotiations, which were due to begin in Brussels on 19 June. However, whilst the start may be delayed the end date will still remain the same.

Brexit concerns in the film and television industry

In a highly internationalised sector the threat to the free movement of labour is causing high levels of concern, with focus on UK workers touring in the EU or film and television productions being made in the EU. The other side of the coin is skilled workers coming in to the UK to work in the industry and how they will be affected.
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