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There’s no doubt that Brexit marks a definitive moment in our history. Yet some of us will be affected more than others. While no-one knows exactly how Brexit will develop, the outline of some of the more likely changes is becoming clear. So what are these changes, and what do they mean for you?
One of the biggest question marks hangs over the future of EU funding. In terms of policy choices, decisions will need to be made within the government on how to handle the loss of EU supported grants. Some sectors will be hit harder than others, particularly the UK’s agricultural industry and higher education institutions, who stand to lose out on a significant amount of funding, research and development.
Concerns also surround potential changes in UK employment law. Brexit may have already dented migrant workers’ confidence in their position. Even with minimal law changes, migrant workers could struggle to have the same enthusiasm for working in the UK in the future that they once enjoyed. How significant an impact this will have on the public sector, where a large proportion of staff are European migrants, remains to be seen.
Procurement has also been thrown into doubt. While currently under the jurisdiction of EU Procurement Directive laws, Brexit may drive changes to the UK’s procurement policies. This could have a significant impact on the selection of providers to public services organisations. Nonetheless, the UK’s membership of the World Trade Organisation should place limits on any potential changes.