0800 644 6080
Call FREE from Landline and Mobile
Est. 1989

Brexit Brain Drain ‘Could See 1.2 Million Workers Leaving by 2022’

Written by: Keith Tully

Published: 28th June 2017

Brexit jigsawAs many as 1.2 million workers could leave the UK over the course of the next five years as the Brexit process unfolds.

Departures close to that scale would give businesses throughout the country cause for concern and could leave many facing significant shortages of staff and skills.

Research carried out recently by the business advisory firm Deloitte found that roughly a third (36 per cent) of all the non-British workers currently based in the UK are considering leaving the country in the next five years.

A report linked to the research suggests that while Britain remains an appealing place to work for a great many people from across Europe, the result of the 2016 referendum on the UK’s membership of the European Union (EU) has changed attitudes.

Highly-skilled workers from EU countries were among those found by Deloitte to be most likely to consider leaving the UK before 2022, with 47 per cent in that bracket indicating that they may move abroad at some stage during the next five years.

Among those skilled workers who are considering whether or not to leave the UK, a third said that a greater degree of positivity from the British government about their status and situation might encourage them to remain.

“The uncertainty started ticking a year ago, at the time of the EU referendum result,” said Angus Knowles-Cutler, from Deloitte.

“At times of uncertainty, skilled workers are quickest to get their CVs out. You can’t necessarily expect all the best and brightest to wait around for another few years of uncertainty.”

Deloitte’s experts have said that the departure of many thousands of EU nationals from the UK workforce will create skills and talent supply issues for British businesses and suggested that a greater focus on automation could be part of the solution.

“Automation is beginning to transform the world of work,” said Mr Knowles-Cutler.

“Brexit does not change the fundamental factors shaping this but has altered calculations on how to drive change for best advantage.

“If immigration and upskilling can help fill higher-skill roles, automation can help to reduce reliance in lower-skill positions.”

Keith Tully

Keith Tully

Join Keith Tully on Linked In Follow Keith Tully on Twitter

Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

Meet our Team of Experts
Director Support - Business suffering from Cash-Flow Problems?
If your company is financially distressed, we also offer the below services:
Business debt recovery

  • Recover Unpaid Invoices of £5k+
  • Expert Credit Control Services
  • Stop Late Payers & Bad Debts
Visit Site
Time to pay experts

  • Get Breathing Space with HMRC
  • Support with Business Tax Arrears
  • 35 Years HMRC Negotiation
Visit Site
UK Business Finance

  • Rejected for a CBILS Loan?
  • Get Emergency Business Funding
  • Supporting 1000+ UK Companies
Visit Site
Who we help
  • Company Directors
  • Finance Directors
  • Sole Traders
  • Accountants
  • Small Businesses
  • Large Businesses
  • Partnerships
Contact our team
Jonathan Munnery
Gillian Sayburn
Julie Palmer
or Find your Nearest Office

Here at Real Business Rescue we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Business Rescue Advice for Directors
Free Guide for Limited Company Directors
Business Rescue Advice for Directors
  • How to manage company cash flow problems
  • Advice on dealing with HMRC
  • Understanding rescue and closure options
  • And much more...
Free Guide Download
Dealing with your Insolvent Clients
Business Rescue Guide for Accountants
Dealing with your Insolvent Clients
  • Helping you advise insolvent clients
  • Spotting signs of client distress
  • Exploring business rescue options
  • And much more...
Free Guide Download
Our numbers speak for themselves
Number of UK Offices
Directors Helped
Licensed Insolvency Practitioners