How is Brexit affecting UK businesses? Telegraph readers have their say Business

UK businesses and workforce are adjusting to life outside the EU and there are early signs that exporters are proving resilient, but the UK’s exit from the bloc could have an impact serious in the UK labor market.

Nissan is in advanced talks to build a massive electric car battery plant at its Sunderland plant in what would be a major blow to the post-Brexit UK auto industry. The move has been described as a U-turn that shattered the myths peddled by Brexit merchants.

For the hospitality industry, however, the new migration systems have presented a challenge. Brexit-backed JD Wetherspoon boss urged Boris Johnson to introduce visa program for EU workers as UK pubs and restaurants struggle to recruit staff amid market squeeze post-pandemic work.

What impact do you think Brexit has had on UK businesses and the workforce? Read on for our readers’ best talking points, and share your own perspective in the comments section at the bottom of this article.

“The UK is stable, economically prosperous and socially progressive”

@Ver Cr:

“We all know that companies make decisions based on a range of factors, including (but not limited to, the tax system, social policies which include ease of hiring and firing, access to markets, manufacturing and selling costs, cultural alignment, interest rates and the general economic outlook, among others.

“Brexit has never been more than a time of uncertainty. Businesses hate uncertainty (as do mortgage buyers) and threats to leave or stay have therefore never been more than a means of ” increase leverage and competitive advantage over government.

“But Brexit is history. There is a market of over 60 million people nationwide and around 7 billion worldwide that UK businesses can tap into. The UK is stable, economically prosperous and socially progressive It’s a good place to do business and it’s not a guess, it’s an assessment of the inbound investment the UK attracts and the prosperity of the businesses that thrive here.

“The government needs to make sure the UK remains competitive. It should not become a simplified EU with overly informal regulation and a dead hand of bureaucracy. If we lose access to the EU market as a result, so be it. a competitive UK continues to build a stable economy and society and no government will be wrong. “

“Making in the UK is a better investment”

@Steven Rose:

“Multinational companies know that future trade deals are more likely to involve the UK than the EU. Therefore, an industrial presence in the UK is a better investment.”

“We must redouble our efforts to recruit staff”

@Ian Tyler:

“A shortage of low-paid foreign workers is a huge plus. All employers need to get used to having to work harder to recruit and train the necessary staff.

“No reason to subsidize companies”

@Jim Bob:

“Brexit has shown that if a company’s business model is not viable without cheap imported labor, it is not viable. There is no reason for the rest of us to subsidize it. “

“Badly paid nomadic labor was one of the EU’s worst crimes”

@Simon Taylor:

“Brexit was about regaining sovereignty, which was always going to come at a cost. I suggest the hospitality industry pay salaries that allow someone with overhead in the UK to survive, not exploit those which have overheads in Eastern Europe.

“Creating a poorly paid nomadic workforce has been one of the EU’s worst crimes.

“Working conditions will improve thanks to Brexit”

@Lisa Carr:

“Employers have grown accustomed to offering Victorian terms to workers: precarious zero hour contracts, lowest minimum wage rates and little training or job security – not unlike factories. from the 19th century. the EU.

“Thank goodness this is coming to an end, as employers will now simply have to treat their workers with more consideration and compete for decent working conditions. If labor costs go up and people have to pay a few pennies more for their coffee or their pint, so be it. “

“As a remnant, I was wrong”

@Alternative thinker:

“As a reluctant ‘Remainer’, I admit I was wrong about the economic impact of Brexit and glad I was.

“The UK will be able to prosper outside the EU, but I still think it’s a good idea to cooperate as much as possible with the EU in order to benefit both sides.”

“The UK is attractive to investors”

@Reasonable comment:

“The UK is low risk, which makes it attractive to investors who are not looking to run into conflicting EU inconsistencies.”

“The revival of car manufacturing has been guaranteed by Brexit”

@Mark Keeler:

“The revival of car manufacturing in the UK has always been guaranteed by Brexit. As a nation we actually import more cars than we manufacture.

“It was never going to be anything but positive for the UK.”

“Forget Brexit and keep going”

@Antony Johnson:

“If we had stayed in the block, all of our production would have continued to decline.

“The EU struggled with the idea that we had services and manufacturing in one country. It wasn’t fair to others, so it had to spread.

“Imagine a country with agriculture, fishing, manufacturing and services. It can happen, but everyone has to forget about Brexit and get down to the job at hand.”

“We can make Brexit a real success”

@Ben Tagg:

“The scariest thing about Brexit is the huge number of Remainers so desperate that we fail, they are ready to help failure, just to say ‘we told you so’.

“Talk about spitting dummies into strollers. If they just accept that they lost and moved on, we can be successful together. “

What impact do you think Brexit has had on UK businesses and the workforce? Give your opinion in the comments section below.

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This notice was published: 2021-06-02 14:36:22

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