Project fear DESTROYED: No sign of exodus! Recruitment boss skewers Remainer Brexit claims
A RECRUITMENT tycoon lambasted claims of a Brexit slowdown in the British job market, despite Remainer doom-mongering of a business exodus.
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Jobbio CEO Stephen Quinn told CNBC that there was little evidence that businesses were fleeing Britain due to Brexit.
He said: “The job market has completely changed, especially with the news of Brexit, I guess. Anywhere where there’s uncertainty you’re going to have confusion in the marketplace, especially in the UK at this point in time.
“But to be fair, we focus on the tech industry. A lot of our customers, we invite 6000 customers now heavily involved in tech in London and we’re actually not seeing them getting less aggressive.
“You know, we’re out helping our customers every day fill important roles and there doesn’t seem to be a mass exodus right yet.”
The Remain campaign warned that London would face a mass exodus of jobs if the country voted for Brexit. These claims became known a 'Project Fear.'
A Z/Yen index report revealed that London still beats New York, Hong Kong and Singapore to top spot of the globe’s financial centres, more than one year after the Brexit vote and six months after Article 50 was triggered.
The report’s author Mark Yeandle told City A.M: “Even if London comes out of the EU, it’s still going to have sterling, it’s still going to have the English language, it’s still going to be in the European timezone.
“London’s still got availability of excellent skilled labour, London’s still got a spirit of innovation.
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"It’s still got so many institutions – not just the stock exchange, but the Baltic Exchange, and Lloyd’s.
"The world trades in London.
"And even outside of the EU, those things aren’t going to evaporate overnight.”
The Recruitment and Employment Confederation (REC) also reported that the number of staff getting permanent contracts has moved to its highest level in more than two years.
REC chief executive Kevin Green said the strength of the UK’s jobs market continues to confuse expectations.
He said: “Starting salaries are also still rising, so workers who want to boost their earnings, now is a good time to consider moving job.