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Preparations companies are making for Brexit

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Re: Preparations companies are making for Brexit

#11

Post by ekianjo »

pavlov wrote: post #8
katong wrote: post #5

So, mostly banking and insurance companies then. Is this really such a big deal?

The UK economy is disproportionately based on global finance, so it's a bigger deal than it might be somewhere else.

There is more than 50 companies in the UK. what should be news is companies that are not moving at all and staying in the UK during the storm.

Re: Preparations companies are making for Brexit

#12

Post by guitarbill »

ckastner wrote: post #2

I believe that the title sounds more dramatic than the story actually is. A shifting regulatory environment is unpleasant, but not unusual for companies of certain scale, or certain industries. Ask any internationally operating bank.

On the other hand, good to hear about. Our team had 8 Europeans (including me), and while 6 of them left after Brexit (including me), I know a few people who are still on the fence. Life has largely gone on as normal, and the lack of talent has driven compensation up * . But unless you're a contractor making hay while the sun shines, it's good to keep things like this in mind.

* also helps that a lot of business expenses, such as hardware, are USD, so GBP losing value hasn't affected dev salary budgets much

Re: Preparations companies are making for Brexit

#13

Post by hudo »

Any known list about migration of tech jobs from London, what EU cities will now be more interesting for software engineers? Im still in Dublin, but on lookout for some other city/country because of crazy prices in Ireland (rents going up much faster than salaries), and stability (not sure how will Ireland handle Brexit since it depends on UK for lot of import/exports).

Re: Preparations companies are making for Brexit

#14

Post by smackay »

johneth wrote: post #4

This is a bit pedantic, I know, but you mean the UK, not England. It's the UK that's leaving the EU, not just England.

That kind of depends on how the political process plays out north of the border where 65% (or thereabouts) of the population voted to remain within the EU.

Re: Preparations companies are making for Brexit

#16

Post by keiferski »

Correct me if I’m wrong, but isn’t the financial industry the primary reason London has become extremely unaffordable for normal people?

Is it possible that the negative economic effects of Brexit will have positive cultural ones, by lowering prices and allowing for more non-financial workers to live there?

Re: Preparations companies are making for Brexit

#17

Post by bkor »

ekianjo wrote: post #9

Most companies are well known to be super short sighted, especially large ones. If it makes sense to get out of the UK to make the next quarter targets they will do it. Not surprising one bit.

Moving countries is not that easy though. Leaving the EU means loads of additional paperwork vs now. You need someone who understands and is legally responsible for VAT. You didn't need that before. You need to know how to fill out all kinds of custom forms. There used to be a large amount of custom agents for that, you don't have them in the amount you need because they weren't needed for decades. Loads of companies won't know what to fill out.

BBC went to the Swiss border to transport an exhaust from Switzerland to UK via Germany. Although this has required loads of documentation for many years the custom agent in Switzerland mentioned there's problems with the documentation in about 20% of the cases. See https://www.youtube.com/watch?v=5hWQ0T10v6Y. The terminals/crossings aren't designed for that! There's not enough space for 20% of the trucks to wait an additional 2 hours.

Re: Preparations companies are making for Brexit

#18

Post by nmeofthestate »

smackay wrote: post #14
johneth wrote: post #4

This is a bit pedantic, I know, but you mean the UK, not England. It's the UK that's leaving the EU, not just England.

That kind of depends on how the political process plays out north of the border where 65% (or thereabouts) of the population voted to remain within the EU.

Speaking as someone who wants Scoland to become independent and join the EU, at this point it seems clear that the UK is leaving the EU (or - very small possibility - the UK is not leaving the EU).

Re: Preparations companies are making for Brexit

#20

Post by hrnnnnnn »

smackay wrote: post #14
johneth wrote: post #4

This is a bit pedantic, I know, but you mean the UK, not England. It's the UK that's leaving the EU, not just England.

That kind of depends on how the political process plays out north of the border where 65% (or thereabouts) of the population voted to remain within the EU.

Can't remember the percentage, but I do remember that every single polling area in Scotland voted remain.
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