London continues to hire despite initial Brexit reaction

(2 minutes to read)

Umbrella company contractors will be interested to learn that despite the initial reaction to the Brexit news, businesses in London are continuing to hire.

A recent report carried out by the CBI and CBRE has revealed that of the 186 businesses surveyed after the referendum, 41% said that they plan to maintain their investment plans.

Fifty percent said that they will continue to carry on hiring after the referendum.

Lucy Haynes, CBI London Director, commented on the findings, “London remains firmly open for business, and the capital’s firms are well used to navigating choppy waters. Many appear to have taken the decision to leave the European Union within their stride.

“Whilst the initial shock from Brexit has dented some firms’ investment plans, it’s encouraging that over two fifths intend to maintain them and half of businesses aim to continue to hire at this early stage.

She added, “Many firms are still considering their response to the Referendum, and in an increasingly competitive global race, they will be looking for a clear plan from the Government and City Hall to maintain the openness of London’s economy. The Government must confirm that those people from the EU who are already working in the UK can stay, and business stands ready to work together with politicians to make the capital grow and prosper.

“From building the 50,000 homes a year the capital needs to house its talented workers, and a new runway that will boost our exports to high growth markets, to making the city a global beacon for digital and technological skills, London has a unique opportunity to plan ahead, and position the city at the head of the pack.”


Daniele Cantello is an Contract Manager for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies. Learn more about Daniele on Google.

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