Brexit - What to watch out for...
- Date: Tuesday 17th December 2019
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It’s difficult to crystal-ball-gaze but we have already seen some changes to the UK employment landscape as a result of the Brexit announcement in 2016. Now, following the general elections, employers should keep abreast of changes which will undoubtedly come our way in 2020:
- Since 2016, almost 11,000 academics have left the country, and this ‘brain drain’ is likely to continue. If you work in the educational sector, ensure you engage in conversation with your staff and proactively work towards retaining talent.
- Research and Development is maintaining a stronghold in the UK and we are still the third most popular country in the world for scientists. New visa regulations with a potential points-based system can make it more difficult for us to attract new talent in this area, which may make talent acquisitions more difficult in the future.
- The construction industry has seen a major impact over past months, particularly relating to;
- Labour and skills shortage
- Investment stops
- Funding cuts
Figures suggest that last year, Britain’s building industry was hit by the biggest fall in new work since the financial crash in 2009.
Needless to say, the details of the governments exit plan will greatly shape the future of our construction industry, with the costs of building materials, levels of public spending and building regulations all on the agenda.
- Several pieces of new legislation are currently in the pipeline and have not been discussed much since Brexit first became a topic of conversation. We’re now eagerly awaiting introductory dates for changes coming out of the Taylor report, parental leave bill and the changes to zero-hour contracts. While it is unlikely that major changes to the employment law landscape will be introduced any time soon, watch this space for updates on minimum wage, IR35, working time directive related guidelines and general taxation rules.
Source: Manuela Grossmann