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Kevin Brady on What Brexit Means for Jobs
Listen to AdView’s very own Kevin Brady on talkRADIO as he tackles questions about Brexit and the implication on jobs.
Below is the complete transcription of Kevin Brady’s latest appearance on talkRADIO which took place on 20th June 2016.
Paul Ross: Time for Just the Job on talkRADIO, joining us again is Kevin Brady from AdView. Good Morning Kevin!
Kevin Brady: Good morning, Paul!
Paul Ross: And how was your weekend? I’m not sure if you’ve got children, did you have a father’s day knees-up?
Kevin Brady: I did, I had a very nice breakfast with my kids yesterday morning, and I got a nice relaxing afternoon, can’t complain! How was yours?
Paul Ross: Excellent, thanks for asking, I have the England game to look forward to as an extension of father’s day. Fingers crossed for that, more from our sports segment in ten minutes time.
First, though, let’s talk about the jobs market and the fact that a lot of people have mentioned the ‘u’ word – uncertainty. The referendum is three days away; your a jobs expert, what are people in your industry saying about a potential Brexit? If ‘vote leave’ win how will that affect the jobs market?
Kevin Brady: Well we’ve heard a lot of multinationals coming out and backing the Bremain campaign but with small and medium sized businesses it’s a bit more interesting. A recent poll of 500 UK businesses found that 37% want to leave whilst 38% want to remain. It’s a straight-down-the-middle split.
One of the main reasons smaller businesses may want to leave the EU could be EU red tape. Though most small businesses don’t trade with EU countries they still have to follow EU regulations. Many see it as a hindrance.
Paul Ross: So is it possible, with the split you’ve outlined, that these businesses might swing the vote on Thursday?
Kevin Brady: I would say it’s definitely possible. Small businesses are the backbone of our economy and community, so their collective impact on the referendum could be decisive, that’s for sure.
Paul Ross: And what are the other big names in your industry saying about the impact of a Brexit on jobs? Is there uncertainty around the issue or not?
Kevin Brady: Well I thought I’d highlight a recent study by the CV library, which showed 66% of recruiters in the UK believe a possible Brexit will actually have a negative effect on the UK labour market, with 50% believing it would be particularly harmful to workers.
I think this may be a reflection of recruiters holding back until the result of the vote. I think this really shows how uncertain businesses are at the moment.
Paul Ross: We’ve also heard concerns that if we leave Europe this will have less influence on the European job market, so wages might go up. It is a real period of uncertainty.
I think employers in particular are interested to hear how a Brexit would impact on employment practices on laws that we owe to Europe. Not all of those, of course, are approved by businesses.
Kevin Brady: Well, in my opinion, if we were to leave the EU at the moment a lot of the EU regulations would remain in place. But perhaps the ones more disliked by employers would be gradually changed over time.
In my opinion it would make more sense to peel the bandage off slowly rather than rip it off in one go, as it were.
Paul Ross: So sticking with the employment side of things, what type of things might change? When you say there might be gradual change if we vote leave, what kind of predictions could you make on that front, Kevin?
Kevin Brady: How do I see things changing?
Paul Ross: Yeah. What would stay the same and what would change?
Kevin Brady: Well I think there could be a new influx of regulations to the country. That in turn could affect the job market and the percentage of jobs we have available. It could affect salaries; it could affect people’s ability to work in the EU.
At the moment it’s a real crystal ball scenario, we don’t really know how things are going to pan out. We’re going to have to wait for the results on Thursday, and then what we’ll do here at AdView is provide that information to our jobseekers to help them find that perfect job.
Paul Ross: I was talking to a friend of mine, a former colleague, over the weekend. She’s been offered a job with a business that does a lot of trading with Europe. She’s very uncertain as to whether she should take it or hold off until the results of the referendum.
She believes it could be a very different picture if vote leave wins. Does she want to work in a company in this country that has strong links to Europe? Do you think a lot of people are in that situation? People are hesitant about taking a job or applying for a job because all things could change.
Kevin Brady: I do believe there’s a lot of fear and uncertainty out there, and I completely understand that, but my opinion is very much to see how things pan out on Thursday. We’ll be keeping up to date with all the information and possible implications and we’ll be providing all our jobseekers with advice on which route to take.
Paul Ross: Well thanks so much for your time this morning. You can hear more form Kevin Brady from AdView the same time next week. To register for daily updates of jobs in your area go to AdView.