Spike in number of British who want Irish jobs after Brexit vote
Published 10/10/2016 | 02:30
The number of Britain-based candidates looking at Irish job vacancies has continued to increase following a spike in the immediate wake of the Brexit vote on June 23.
Analysis by a job search website reveals millions of job searches made by UK-based jobseekers. It shows that searches for jobs in Ireland were 20pc higher on average in the 100 days after the referendum than before it - the highest increase for any market.
A further spike is now expected in the wake of an increasingly tough stance being adopted by the British government for a so-called 'hard Brexit' and stark rhetoric from UK Home Secretary Amber Rudd, who said she would "flush out" companies employing foreigners in jobs that could be filled locally.
Research by the recruitment website, Indeed, showed a 250pc spike in searches in the 24 hours after the Brexit vote.
The data now shows that on a four-week moving average, the increase has been sustained.
"We now see the increase in people looking at jobs outside the UK post-Brexit is both sustained and increasing. As the only English-speaking EU member, with the fastest growth rate and flexible labour markets, Ireland is well placed to attract these labour flows and potentially additional foreign direct investment," said Mariano Mamertino, EMEA economist at Indeed.
"British Prime Minister Theresa May's confirmation of the date to trigger Article 50 by the end of March 2017 now makes a 'hard Brexit' look more likely, and some of the commentary on immigrant labour from UK cabinet members could unnerve foreign workers and make them consider other options, thereby driving a further spike in October."
Mr Mamertino said the UK economy had proved resilient in the first few months since the poll, but cautioned that a deterioration in the hiring appetite of employers coupled with increasing talk of a 'hard Brexit', and returning uncertainty over what that might mean, was now prompting many of those who had been thinking of working overseas to job hunt in earnest.
The data shows a spike in Britons looking for jobs in Australia (13pc), Canada (10pc), Germany (9pc) and the EU as a whole. Despite a big push by the French government to capitalise on Brexit by seeking to attract London-based financiers, searches by Britons for jobs in France actually fell by 6pc in the same period.
Dublin, along with cities such as Paris and Frankfurt, have been tipped as financial services centres that could benefit from Brexit, but there have been doubts at home about the extent to which Dublin can benefit because of a shortage of housing and the high personal tax rates.
The ACCA (Association for Chartered Certified Accountants) Ireland is calling on the Government to take urgent steps in tomorrow's Budget to ensure Dublin is prepared to benefit from Brexit.
ACCA Head of Mainland Europe and Ireland Liz Hughes says the country faces a "golden six months" to ready Dublin for competition with other European capitals if London loses crucial access to bank 'passporting' rights in Europe.
"The big financial services firms in London are already measuring up Dublin against Frankfurt and Madrid and other potential EU relocation options," said Ms Hughes.
"Teams are on the ground making the assessments now. Dublin needs a whole Government plan addressing office accommodation, residential housing, taxation, local government planning, transport, education and training, all coordinated through the Industrial Development Authority."