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As we know, on June 23rd, the UK gets to vote on whether we stay in or leave the European Union. Coming from a recruitment background we are interested to see what will happen to jobs depending on the result.
The European Union is a political union, often called the EU, to which the member states of the EEC are evolving. Based on the Maastrict Treaty, it envisions the eventual establishment of common economic, foreign, security, and justice policies. The benefits of being in the single market are;
The free movement of goods is good because of trade and trade means jobs. If you’re wondering how EU trade affects the UK and jobs, here are a few facts;
Does this mean if we vote to leave the EU on 23rd June, 1 in 8 jobs will be lost?
Specific impacts of EU membership for UK employment rights;
If we vote to leave, will we still get to keep these employee rights?
If we leave…
Leave campaigners say: There would be a jobs boom as firms are freed from EU regulations and red tape with small-and medium-sized companies who don't trade with the EU benefiting the most. In its recent paper, the EU Jobs Myth, the free market Institute for Economic Affairs seeks to debunk the claim that 3-4 million jobs would be lost if Britain left. "Jobs are associated with trade, not membership of a political union, and there is little evidence to suggest that trade would substantially fall between British businesses and European consumers in the event the UK was outside the EU," it argues. "The UK labour market is incredibly dynamic, and would adapt quickly to changed relationships with the EU."
Remain campaigners say: Millions of jobs would be lost as global manufacturers moved to lower-cost EU countries. Britain's large, foreign-owned car industry would be particularly at risk. "The attractiveness of the UK as a place to invest and do automotive business is clearly underpinned by the UK's influential membership of the EU," said a KPMG report on the car industry. The financial services sector, which employs about 2.1 million people in the UK, also has concerns about a British exit. "The success of the UK financial services industry is to a large extent built on EU Internal Market legislation. To abandon this for some untried, unknown and unpredictable alternative would carry very significant risks," said global law firm Clifford Chance in a report by think tank TheCityUK..
The only way to make a conclusion from all this is to VOTE on the 23RD JUNE 2016. No one can foresee the coming months and we will have to wait and see what the result is before we can start predicting the future of the UK whether it is IN or OUT of the EU!