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Stuart Gentle Publisher at Onrec

Statement from Doug Monro, Adzuna on the referendum result and the effect on the jobs market

“Some people are arguing that if the pound does not stabilise domestic inflation could rise, forcing the Bank of England to raise interest rates. That in turn might push us into a recession, which could cost jobs and reduce incomes.

It’s true, this is a new path and there are some risks.  But that’s not the only way to look at this.  We haven’t even started leaving yet – and the process is set to take years.  This is going to be a marathon not a sprint. 

The volatility in the financial markets will be short lived.

We have a strong, open economy with a thriving tech sector. 

We will continue to drive growth and trade with the EU and other countries.  No one in Brussels is arguing that Britain will have to leave that common market.  Yes, jobs are ‘dependent on our trade with the EU’ – but they aren’t dependent on our membership of the EU.  We don’t need a political union with India or China in order to do business with those countries, for instance.

The cloud’s silver lining is the potential for new skills to enter the UK, specifically via the potential introduction of an Australian-style points system.  That could see more skilled immigrants coming to these shores, helping to fill the skills gap – boosting sectors like tech, engineering and science.”

www.adzuna.co.uk