October 21, 2021
- Olsen Breet
- April 27, 2019
It’s been almost 2 years since the UK people voted to leave the European Union and from that time, lots of speculations and theories have been exchanged among the people. One of the most doubtful topics that many people have in their mind is how BREXIT will affect employment in the UK. Different people have different theories, some see the positive side of the coin and some are seeing the negative side.
Here, in this blog, we have prepared a list of most common doubts that people are having currently in their mind due to this geopolitical change and will also be providing justified answers for each one of them. So let us get started.
Common doubts that people are having due to Brexit
Question # 1: How the job prospects will be affected?
Answer: Well, there is no certain answer for this right now, but it is true that most of the MNCs and various other businesses have been considering of relocating if the UK is going to leave the EU. Also, many economists believe that there would be tough times financially after this epic long debated potential withdrawal is finally set into action. Even, the experts believe that recession could also hit in the UK that will surely be affecting the life of every common people.
However, there is a good chance that there will be no much greater effect in the short term, but for the long term, one can really not be so sure. Even there are employers who believe that Brexit will bring a positive result in the jobs market and the vacancies will still be soaring high as usual.
Question # 2: What will happen to the EU country people working in the UK?
Answer: This is another common doubt that most people are having. Well, to your information, the government has declared that any EU country living citizen who came to the UK legally and following the norms and rules (which is still existing) can still live in the UK. It has been specified by the government that any UK based businesses who have hired people of EU nations cannot end their employment due to the BREXIT.
|However, this is something that cannot be guaranteed as all these decisions may alter after seeing the scale of the impact. So, if you are planning to leave the UK and still have any bills, rents or debt pending, then it is better that you go for payday loans for unemployed from direct lenders and after you are done clearing your due debts, you can focus on the repayment part.|
Question # 3: Will my salary be affected? If yes, then how?
Answer: Basically, this will depend on the economy of the UK after it leaves the EU and very much on the Industry where you are working and your job profile. But the employers will still have the privilege of National Minimum Wage as well as the National living wage. But, in case, if there is a downfall in the economy, then chances are that your promotion or rise in the salary might be reduced. Therefore, in order to clear all these doubts, it is best advised that you have a word with your HR department because every company will have its own set of agenda and business strategies right now.
Question # 4: Will the UK living citizen be allowed to work in the EU countries?
Answer: If going by the theory, finding a job in EU countries might get more difficult and complex if the UK decides to leave the EU. All the residing people of the states of the EU are allowed to go to other states for work. So, if the UK is no longer the part of this union, then chances are very thin that UK people might be able to work in other EU countries.
If this happens, then you might have to apply for visa or work permit to work in any of the 27 countries that are a part of the EU. Well, this could result in more difficulty in getting a job in EU states.
Question # 5: Which sectors will be most affected due to Brexit?
Answer: Generally, all the trading businesses that are done with the remaining EU states will suffer the most due to this decision. For examples: – the Tourism, auto industry, financial industry and the manufacturing sectors. There will impact on other business sectors but it will quite low as compared to the mentioned ones.
So, if you had to lose your job due to the Brexit reason and have lots of debts, bills and rents to clear, then you can get in touch with any repute private lenders in the UK and apply for unemployed loans no guarantor to get rid of them as soon as possible.
Wrapping up, these were some of the most common doubts that people are having in their mind due to this Brexit situation which is still very far from occurring.