Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Sunday 31 July 2016 12:46 pm

Worried about your job after Brexit? You’re not alone

By: Lynsey Barber

Add as a preferred source on Google

Feeling a little more anxious about your job after Brexit? You're not alone.

One in five of us are worried about job security after the result of the EU referendum, while more than two in five are feeling generally more pessimistic about their future, a new survey reveals.

Pessimism was particularly high among those working in the public and voluntary sectors and among those aged between 25 and 34, the survey by the Chartered Institute of Personal Development (CIPD) noted.

Read more: An upside down hype cycle is the reassuring Brexit chart you've been looking for

"This survey shows that Brexit has proven to be a seismic event in people’s working lives and reveals that there is significant level of pessimism in the immediate aftermath of the vote," said head of public policy at the group Ben Willmott.

"Hopefully, as the political and economic situation becomes clearer, this will subside, but in the short term there is a clear need for UK employers to do more to engage with their workforce about the likely effects of Brexit on their organisation."

Several of the big banks have warned of job cuts in the wake of the vote for Brexit.

Read more: You're probably not earning that "graduate premium" you were told about

Lloyds boss Antonio Horta-Osorio warned there would likely be a "deceleration of growth" in the UK economy as the bank announced a further 3,000 job cuts and a 200 branch closures.

Meanwhile several firms have announced thousands of new jobs despite the vote, including McDonalds, Amazon, Sainsbury's and Westfield.

Unemployment fell to its lowest level since 2005 according to official figures published in July. However, the data covering the three months to the end of May does not yet show the impact, if any, on the labour market of the Brexit vote.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Jobs and Money

Categories

  • Personal Development

Trending Articles

  • Nottingham Forest owner Marinakis announces £210m stadium plans

  • Harry Styles at Wembley Stadium review: running through the grief

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • Nothing fails to file accounts months after dissolution threat

  • Burnham tax plans spark investor rush to bank capital gains

More from City PM

  • Industry Execs Think Digital Transformation Is Working – but Staff Still Rely on Shadow IT to Get the Job Done

    Business Wire
  • Over a Quarter of UK Employees Admit to Using AI to Generate or Manipulate Expense Receipts to Top Up Their Salary

    Business Wire
  • Labour turmoil and Iran war brings ‘reversal of fortunes’ for UK economy

    Economics
    Three in five Brits believe the UK economy is worsening, a new poll ran by KPMG has shown.
  • Finimize data: Fees alone won’t win UK retail investors

    Business Wire
  • Oxane Partners’ ‘Compass 2026’ Maps Private Credit Market Sentiments

    Business Wire
  • New WorkJam Research Reveals Manufacturers Navigate Cost Pressures and Workforce Challenges While AI Maturity Remains Limited

    Business Wire
  • ‘Under pressure’: Gen Z fail to save as financial responsibilities mount

    Personal Finance
    Young UK graduates from Gen Z celebrating in caps and gowns, representing the future workforce and educational achievements.
  • Survey: Nearly All European Organisations Feel Pressure to Scale AI for Customer Experience, Yet Only 38% Have a Clear Approach to Governance

    Business Wire

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy