On leaving the EU, Julia Kermode, CEO of The Freelancer & Contractor Services Association, the UK’s largest independent trade body for contractor accountants and umbrella firms said: “For FCSA it will be business as usual as we continue to work to raise standards in our sector to support and protect the flexible workforce in the UK that has been vital to the UK’s economic growth in recent years.
Leaving the EU will undoubtedly bring a period of uncertainty and as we have witnessed in the run up to this referendum demand for contractors has been high and I see this demand increasing particularly if the rules on immigration tighten up. We have seen significant impact on the stock market already today, and some concern regarding sectors traditionally reliant on the migrant workforce, such as construction. However, it should be borne in mind that exit will not be instant, stability is needed and now more than ever it is important to ensure that firms have the right skills in place.
Once again, the flexible workforce will be key in ensuring the UK’s economy doesn’t suffer.