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Preparations companies are making for Brexit

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Re: Preparations companies are making for Brexit

#21

Post by smackay »

hudo wrote: post #13

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).

This is just anec-data but from a friend who has spent a lot of time in London this year. It appears that the EU nationals are leaving in droves. As a result many IT departments are becoming seriously understaffed. So there may be a boom in jobs for UK nationals or the companies may be forced to go where the employees are and move to an EU country instead.

Re: Preparations companies are making for Brexit

#22

Post by coldtea »

notahacker wrote: post #7
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.

The banks and multinationals will be fine. The employees who find their jobs/departments have been relocated, the local service providers who benefited hugely from the larger companies' business less so.

So, sort of like when the workers found their jobs/industries have been relocated to cheaper places in EU, China, etc, but now for the tenpercenters and/or financial employees who benefited from that previous round?

Re: Preparations companies are making for Brexit

#23

Post by dijit »

keiferski wrote: post #16

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?

It's not the primary reason, but it's a factor.

Low interest mortgages push up what people can afford, which contributes too.

But the housing crisis is fuelled almost entirely by investors, and seemingly many of those are foreign. They buy property in London because it's a relatively safe investment, recently it's been very high yield as the supply is nowhere near reaching the demand.

Re: Preparations companies are making for Brexit

#25

Post by coldtea »

hrnnnnnn wrote: post #20
smackay wrote: post #14

Earlier quoted context omitted.

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.

That's because they a) voted based on their rivalry with the English, b) think they'll do better as a tiny independent country within an EU where the big dogs do whatever they please (or, rather, a single big dog with its satellites, even France plays by their agenda).

Re: Preparations companies are making for Brexit

#26

Post by guitarbill »

ekianjo wrote: post #11
pavlov wrote: post #8

Earlier quoted context omitted.

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.

It's cherry-picked, although I'm sure some more companies are thinking along these lines, but aren't as vocal.

A list of big companies that have committed to staying would genuinely be useful. I doubt you'll find many, since saying something like that before there's a clear deal is a bit irresponsible, like a blank cheque.

Re: Preparations companies are making for Brexit

#27

Post by jerven »

dijit wrote: post #23
keiferski wrote: post #16

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?

It's not the primary reason, but it's a factor. Low interest mortgages push up what people can afford, which contributes too. But the housing crisis is fuelled almost entirely by investors, and seemingly many of those are foreign. They buy property in London because it's a relatively safe investment, recently it's been very high yield as the supply is nowhere near reaching the demand.

And as well as just not building enough! If you add more people to a city, but don't add more housing or fast commute then prices will go up. Basic lack of supply and rising demand...

Re: Preparations companies are making for Brexit

#28

Post by nmeofthestate »

coldtea wrote: post #25
hrnnnnnn wrote: post #20

Earlier quoted context omitted.

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

That's because they a) voted based on their rivalry with the English, b) think they'll do better as a tiny independent country within an EU where the big dogs do whatever they please (or, rather, a single big dog with its satellites, even France plays by their agenda).

Utter rubbish.

Re: Preparations companies are making for Brexit

#30

Post by jonathanstrange »

It's sad that the discussion of Brexit and EU-related matters in general always revolve around perceived economic issues.

Sure, a healthy economy is important for everyone, but the long-term goals of EU have always been to create a unity of countries with largely shared values to prevent future wars (incl. trade wars and cold wars) and to increase collaboration in all cultural, scientific and social matters. To grow together instead of alienating more and more until a new war breaks out, like it always happened in Europe's past in almost every century.

And now it's all about the money...

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