Brexit: EU social policy and the UK employment model

Teague, Paul; Donaghey, Jimmy

doi:10.1111/irj.12235

Cited by 9 publications

(11 citation statements)

References 29 publications

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“…The uncertainty of Brexit is seen higher in those industries of the UK that are having trade relations with the European Union and on those industries of the UK dependent on migrant labor of the European Union (Bloom et al, 2018). Brexit is likely to create policy dilemmas for the UK government (Teague & Donaghey, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Return and volatility spillover between India, UK, USA and European stock markets: The Brexit impact

Nagarakatte

Natchimuthu²

2022

Investment Management and Financial Innovations

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The 2016 Brexit referendum created potential turmoil in financial markets. The purpose of this study is to examine the impact of the Brexit referendum on the return and volatility spillover between the EU, the UK, and the USA stock markets and the Indian stock market during the pre- and post-Brexit referendum period. The VAR and bivariate GARCH BEKK models were employed. The study results suggest that before the Brexit referendum, Indian stock market returns made no significant return spillover on the other markets. On the contrary, following the referendum, Indian stock returns significantly spilled over to France, Germany, the UK, and the USA stock market returns. The study results also identified a substantial increase in the bidirectional volatility spillover between India-France, India-UK, and India-USA during the post-Brexit referendum period. Therefore, the investors’ opportunity to invest simultaneously in India, UK, EU, and US stock markets for portfolio diversification is limited. India was affected mainly by its own past shocks before the Brexit referendum. However, after the Brexit referendum, Indian markets are getting more and more integrated with other markets. In order to reap the diversification benefits, a prudent investment strategy will need to be developed in the future, especially during times of economic and political uncertainty and market crisis.

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Section: Literature Reviewmentioning

confidence: 99%

Return and volatility spillover between India, UK, USA and European stock markets: The Brexit impact

Nagarakatte

Natchimuthu²

2022

Investment Management and Financial Innovations

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“…This view has been amplified, since the Brexit outcome through the publication of papers which demonstrate that at organisations, such as Pret a Manger, only 50 per cent of job applicants are from the UK (Sullivan, 2017). Teague and Donaghey (2018) suggest that the access to labour through the free movement of people has resulted in an underinvestment in the development of skills by employers. Job applicants from outside of the UK, in this case and other labour-intensive industries such as construction, can be considered "posted workers" a form of temporary labour migration leading to greater labour market segmentation and host society disconnection (Caro et al, 2017).…”

Section: Labour Market Skillsetmentioning

confidence: 99%

“…Furthermore, the aftermath of the global financial crisis has led to an increase in precarious employment for many people in the UK and EU labour markets (ILO, 2012). Teague and Donaghey (2018) argue that the free movement of "cheap labour" from the EU has been central to precarious employment in the UK. Flexible working practices can, however, support candidate attraction as they allow individuals to work in different ways (Taylor et al, 2017) and can, therefore, increase workplace diversity by making work accessible to more people.…”

Section: Increased Immigration From Outside Of the Eumentioning

confidence: 99%

Brexit: human resourcing implications

Ridgway

2019

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Purpose Three years on from the Brexit vote, while it remains a central topic for debate in the media, there has been limited discussion about the human resource (HR) implications. The purpose of this paper is to provide theoretical evaluation and informed discussion, distilled into four interconnected propositions, on how employee resourcing as a HR practice may be impacted following actual Brexit decisions. Design/methodology/approach Drawing on the employee resourcing literature, the paper adopts a discursive approach which examines how the UK’s decision to exit the European Union will affect HR practice. The paper draws comparison with the global recession since 2008, a similarly unprecedented development in its discussion of employee resourcing practices and draws parallels which may help to inform the future of HR practices in the UK, because of Brexit. Findings This paper offers a set of propositions; the flow of talent into the UK may become more restricted and reinvigorate the “war for talent” that followed the effects of the global financial crisis on the UK. To attract and retain workers in relatively lower-skilled roles, employers may be faced with a need to re-skill such roles and adopt more flexible working arrangements. Finally, to meet skilled employment requirements, removal of restrictions to recruit from within the European Economic Area may trigger increased global migration of skilled workers. Originality/value This paper contributes to the discussions regarding the implications of Brexit for HR practice by offering propositions to shape future research agendas.

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“…Although the consequences of the decision to leave the EU are still somewhat uncertain, it is predicted to have an adverse effect on the UK economy (Sampson, 2017), with early indications of this having been borne out given a range of restrictions to immediate post‐Brexit trade for the UK (De Lyon & Dhingra, 2021). Brexit is also expected to have a significant impact on various aspects of the UK labour market, with Teague and Donaghey (2018) considering the implications of leaving the EU on freedom of movement, employment rights, trade unions and employment policy. Woolfson (2017) focuses specifically on the prospects for labour standards in a post‐Brexit UK.…”

Section: Introductionmentioning

confidence: 99%

Brexit and the ‘left behind’: Job polarization and the rise in support for leaving the European Union

Drinkwater

2021

Industrial Relations Journal

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This paper focuses on the changing relationship between attitudes towards European Union (EU) membership and workers affected by globalization and technological advances in the lead‐up to the UK's EU referendum in 2016. It is found that workers employed in middling occupations, where both relative wages and employment have fallen, were significantly more likely than workers in high‐paying occupations to indicate that the UK's long‐term policy should be to leave the EU. This view was particularly noticeable amongst males with middling occupations in the post‐recessionary period between 2012 and 2015 and had increased significantly relative to the mainly pre‐recessionary period between 2004 and 2008.

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Brexit: EU social policy and the UK employment model

Cited by 9 publications

References 29 publications

Return and volatility spillover between India, UK, USA and European stock markets: The Brexit impact

Return and volatility spillover between India, UK, USA and European stock markets: The Brexit impact

Brexit: human resourcing implications

Brexit and the ‘left behind’: Job polarization and the rise in support for leaving the European Union

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