Posted by Homa Wilson | Senior Associate
On 23rd May 2017
Following the vote to leave the European Union, many predicated that the UK would plunge into an immediate economic crisis. One of the fears was a significate raise in unemployment. Whilst we must try and focus on the positives – the UK economy is estimated to have grown by 1.8% in 2016 – it’s hard to remain optimistic in view of the number of companies announcing they are relocating jobs to Europe and other parts of the world. Nestlé recently announced that it would be moving 300 jobs to Poland, JP Morgan is preparing to move hundreds of jobs from London, Deutsche Bank also announced plans to move 4000 jobs.