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Brexit retrospective

Portrait of Hrishikesh Potey
Principal
London Office, Western Europe
+44203075 - 1118
5 novembre 2019

How the UK recruitment industry has developed since the vote to leave the EU

Following the Brexit referendum, speculation was rife around how all industries would fare. In the aftermath, with companies delaying UK investments and hiring decisions, the uncertainty surrounding freedom of movement and immigration policy, and expectations for lower economic growth, it was widely anticipated that recruitment firms would suffer.

With the 31st October deadline having been and gone, and Brexit still to be concluded, we have reviewed how the uncertainty of the last two years has impacted the UK's recruitment industry.

Amidst all the uncertainty of Brexit, the performance of the UK's top recruiters has certainly exceeded expectations
Amidst all the uncertainty of Brexit, the performance of the UK's top recruiters has certainly exceeded expectations

We have reviewed both the wider macroeconomic indicators for UK jobs against the financial performance of the UK's top 150 recruitment firms, to see which underlying trends have driven some firms forward and held others behind.

The study shows how recruiters have continued to grow strongly amidst the uncertainty of Brexit and how this performance varies by industry. Furthermore, we conclude that whilst the UK voted to sever certain international relationships, it is internationalisation that has been the key driver of sustained growth for the nation's recruitment companies.

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Brexit retrospective

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A review of how the UK recruitment industry has developed since the vote to leave the EU. We compare the macroeconomic indicators for UK jobs against the financial performance of the UK's top 150 recruiters and show that whilst there is correlation, it does not amount to causation.

Published November 2019. Available in
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