EU professional migration to the UK is down 26 per cent. The latest LinkedIn Workforce Report reveals that since the Brexit referendum the flow of talent has reversed, the UK is losing talent to the EU, and other potential sources of skills are not filling the gap. What does this mean for professionals, businesses and policymakers?
We’ve had to wait to see if the referendum would affect the number of people from different countries moving to the UK. Now, two years on, we know it did. Ever since the vote to leave the EU, both sides of the Brexit debate have been debating the real impact of that decision, played out in an atmosphere of deep uncertainty and minimal hard data. Changes to people’s confidence in a country take time to manifest; people aren’t able to relocate from one country to another overnight, and they equally aren’t always able to cancel plans that were already in place. In the aftermath of Brexit, data quickly showed that fewer people from the EU were showing an interest in taking up jobs in the UK. However, these changes to sentiment were only a tiny part of the overall picture.