Brexit job losses may result in soaring emigration

Published:  18 Jul at 6 PM
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Will Brexit see increased numbers of Brit moving overseas for work?

As next March creeps closer and governmental chaos ramps up still further, an increasing number of industries are now planning their exit strategies. Sadly, the ‘green’ sector is one which is convinced leaving the UK is the only way forward in spite of the spectre of massive job losses for its UK workers. Should the worst happen, where in the world will the jobless decide to go?

At the present time, the top three most popular destinations for expat job-seekers are the USA, Canada and Australia, perhaps because all three resemble the home country in many ways, including language, culture and lifestyle. Of course, the sheer size of the three nations translates into plenty of job opportunities for those with qualifications and experience. Some six million Brits who’ve already found their new lives in these three lands as well as in other world countries can’t be wrong, with Australia hosting some 1.3 million expat workers, the US with around 800,000 and Canada with 700,000, all bringing their expertise to their chosen countries.

As of March 2018, eight major companies have made it clear they’re heading for the exit due to Brexit and are happy to take current employees with them should they so wish. EasyJet, Diageo, Barclays, Microsoft, Deutsche Bank, Goldman Sachs, Lloyds of London and even Smiffy’s are all preparing for the move, with most opening European subsidiaries in order to be able to continue trading, whilst a number of other firms are now ditching plans for new UK branches and heading to Europe instead.

The majority affected so far are ‘service’ companies for which setting up in the EU is far less complicated and expensive than for manufacturers, but the increasing likelihood of a hard Brexit could result in UK factory closures and mass unemployment .It seems that job-seekers in the UK may also need to emigrate to further their careers and are now being advised to apply to the companies of their choice in the knowledge that expatriation is likely to be part of the package. Given the present chaos in government, leaving and watching it from afar could be the best decision expat professionals ever make.
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