This morning we learned that the outcome of the referendum was a vote for the United Kingdom to leave the EU.
Many businesses will be moving into a period of uncertainty as to what exactly Leave means for their workforce needs both domestically and internationally. The Prime Minister has announced that he himself will not serve the Article 50 notice that triggers the two-year exit timeline. Decisions around the timing of doing so will be for the next Prime Minister to make. Nicola Sturgeon’s announcement that a second referendum in Scotland will now be actively considered will serve to add more uncertainty to an already complex picture.
For many employers, much is unlikely to change in the short-term although, of course, their thinking will evolve over the forthcoming months as the political and economic landscape becomes (more) clear.
A Leave vote was always a possibility.