Why freelancers will fuel uk businesses in the post-brexit economy
London has stood for centuries as a hub of the world—a global crossroads that attracted people and business from all corners of the Earth. Now with the “Brexit” process officially underway, that position is diminished. Instead of embracing the reality of the modern economy and its cross border workforce, the UK is denying it, making itself less competitive and attractive in the global talent market as a result.
On March 29th, Prime Minister Theresa May signed Article 50, which initiated the UK’s exit from the European Union. The implications of Brexit are far-reaching and uncertain, encompassing anything and everything from concerns over demand for Cheddar cheese to finding enough people to staff hotels. Every sector will be hit hard because the UK runs on foreign workers. According to a report from the Office for National Statistics, the number of European Union migrants working in Britain hit a record 2.15 million in 2016, representing over half of new workers. Without them, businesses in the UK will struggle.