Following Brexit, it might probably be that the net UK contributions should be able to release finance for UK industries. As a result of this, Suffolk recruitment industry would profit from the increase in activity and funding.
Many people who support Brexit believe that small and medium enterprise SME’s will greatly benefit from it, considering the fact that they will no longer be drawn back by the regulations of the EU. Research found that many people believe that the European Union makes it more challenging for them to employ people, and as a result it is of more help to their business instead it is causing limitations.
Although Brexit has its own disadvantage, it will only be for a while and might even not be a drawback after all, because the UK is going to undergo a transition which will bring about an effective and immediate change. This change will bring about increase in the recruitment sector, although the UK might keep several EU laws. Brexit will provide the UK with an avenue to make its own decisions without meddling. One thing is certain; we might presently not have the full understanding of the impact all this is going to have on Britain. Without doubt that the positives of Britain exit from the EU will come to light as time goes on. Irrespective of what one might think, this decision by UK will have its impact on factors like economy and employment.
Britain exit from the EU allows them to regain their national authority. This gives markets in Suffolk the opportunity to absorb everything and return to basics of doing business. Britain has a much larger share of EU in trade. The official trade statistics reveals that 63 percent of Britain’s goods exports are linked to EU membership and these trade relations can be hindered in case of Brexit.
Furthermore, this separation from EU is going to allow Britain to negotiate its own deals with non-EU countries. It should easier for non-EU countries, because other non-EU countries would expect faster decision making.
Some seem to be looking at the uncertainty as to what the future holds for Suffolk after the event of Brexit. The truth of the matter is that, while Brexit is unique to the UK, it might also have its own big challenges. People who are presently thinking about investing in Suffolk might begin to take a second thought because they would feel like they are yet to know what sort of impact Brexit would have on Suffolk. Investors are likely to hold back until the Brexit impact is clear before they make their decision to invest. Brexit might also pose a risk to the development and growth of UK’s exports and financial services.
One might not be able to ascertain for sure how the whole event would pan-out. But whichever way, the government has a challenge to ensure that Brexit provides a positive result for Suffolk and UK.