The dust has settled and the UK is now starting to realise the epic impact of the BREXIT vote. What the outcome of the vote really means, no one is 100% certain, however, Rune Sovndahl, CEO and Co-Founder of Fantastic Services, has been here once before. Before the outcome of the vote, he explained to Agency Central, the recruitment agency directory, his thoughts on the EU referendum and the possible impact an exit vote could have. Originally from Denmark, he can remember when the Danes voted ‘no’ to the 1992 Maastricht Treaty and the impact that had on him and the economy. A euro-sceptical wave had taken control of the country and it took another year – in a second referendum – for Denmark’s introduction into the EU. The uncertainty created during this time has stuck with the entrepreneur who believes that the extra bureaucracy will result in “scaring away business.”
Rune believes that: “Europe is the largest economy in the world and whilst it certainly has problems, part of its beauty is the variety of amazing countries and nationalities that are empowered to work together as a collective. It makes no sense to leave this economy and become an isolated nation with trade zones. To me, this is a backward step and will automatically create a wealth of red tape and bureaucracy that will make Britain difficult to work with, scaring away business from mainland Europe.” The concern is that it may scare businesses away, meaning there may be fewer employers here to offer jobs, which in turn may affect the job market. Also, he explained that “Even if job opportunities are not affected by a Brexit, can the same be said about an employer’s ability to recruit candidates? The EU is a great resource for businesses to bring in people to fill their positions in the present climate.”
What the future holds for the UK economy, no one is certain. The only thing that is certain is there will be a lot of changes over the next 2 years, and we can only hope that the decisions made won’t have a detrimental impact on the economy.