5 ms·
See, Brexit governs how things will be made and sold, how people will be hired and payed. UK has been #1 spot after SV for long time, it doesn't really has anyt
by mrtksn 5y ago
See, Brexit governs how things will be made and sold, how people will be hired and payed. UK has been #1 spot after SV for long time, it doesn't really has anything to do with Brexit.
For some businesses the new trade situation is not bad, for some it is but you can't really argue that thanks to the increased red tape in trade and human resources companies are choosing UK to invest in certain industries that UK has been traditionally a powerhouse.
There's no benefit for businesses when you artificially limit the talent pool and increase bureaucracy for hiring people. There's also no benefit in introduction of border checks in trade.
Well, maybe it can be argued that thanks to the government being the first step in HR, British companies can overwork and underpay their foreign hires just like it's done in the USA thanks to the H-2B visa making the workers afraid of losing their job. However, if you are going to argue that thanks to the new visa rules UK companies are able to practically enslave their previously free workers, better show some numbers. I don't think that thanks to Brexit companies can now pay less to their EU workers who are afraid to lose their visa sponsorship. Even if UK companies are able to force EU employees to less pay and more work, it's very early to show up in any way because EU citizens had the chance to preserve their rights up until less than a year ago.
- ghostwriter 5y agoI'd rather argue that extra bureaucracy around Brexit and UK <-> EU dynamics does exist, but it's not a decisive factor for the region (and businesses) to develop and prosper. Talent and businesses outside EU have always had these conditions with the UK, and now they are getting a level playing field.
- mrtksn 5y agoFor some it is, for some it isn't. Because of the new relationship, you don't have one size fits all situation. Just don't present it like as if it is "thanks to Brexit". Brexit made things harder but it didn't kill it for everyone, except maybe for Intel.
- nuerow 5y ago> (...) but it's not a decisive factor for the region (and businessess) to develop and prosper. That really depends on what definition you personally choose for "decisive", "develop", and "prosper". The EU is by far the largest trading partner of the UK[¹]. It's unreasonable to presume that a nation can improve their current state once they choose to introduce bureaucratic hurdles, delays, and additional cost on any dealings with their largest trading partner. [1] https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_United_Kingdom https://en.wikipedia.org/wiki/List_of_the_largest_trading_pa...
- matthewmacleod 5y agoThis is likely a reasonably accurate view. I can definitely tell you (anecdotally, first-hand) that Brexit hasn't offered any benefits so far, but has made several other activities far more painful that they were before. Not enough to kill a business, but absolutely certainly the sort of thing that will cause some businesses that were previously viable to no longer be so – or to shift resources out of the UK and into the EU.
- throwaway10122 5y agoUK was in that position precisely because of EU membership, now they are just making Ireland (and Netherlands) an even more attractive option