Brexit vote will cause widespread hiring freeze, says IoD

A quarter of companies will impose a hiring freeze after the UK’s decision to leave the EU, a snap poll by the Institute of Directors (IoD) has found.

The IoD surveyed 1,000 of its members, revealing that one-third would keep hiring at the same pace, and 5% would cut jobs.

One in five (22%) are considering moving some of their operations outside of the UK, the poll found.

The weekend’s headlines have already revealed that HSBC plans to move up to 1,000 staff from London to Paris if the UK leaves the single market, while on Friday it was suggested that investment bank Morgan Stanley could move around 2,000 roles from London to Dublin or Frankfurt.One in five (22%) are considering moving some of their operations outside of the UK, the poll found.

READ THE FULL ARTICLE BY JO FARAGHER AT PERSONNEL TODAY

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