A great article in the Spectator ....... a long but good read of the 9 lessons learnt or to be learnt !!
The nine lessons of Brexit | Coffee House
The stakes could not be higher now. We face the biggest political crisis for at least a couple of generations. The risks are now both a democratic crisis and an economic one. We just cannot go on as…
No-deal Brexit could sink UK into recession
The Bank of England warns the pound could plummet 25% and the economy shrink 8% in a no-deal scenario.
As mentioned in the article "The problem is that these kind of warnings, however well-grounded in facts and figures, are too easily written off as "project fear". The more scary they sound, the easier they are to dismiss." This might count for the general public although you would hope that politicians and MP's would be focussing on the facts and as a consequence would make decisions in the best interest of the country.
I attended an IESE event in September in London where #javierdiazgiminez was talking about Brexit, Europe and the Global Economy. the picture he presented was very much in line with that of the BoE. Even more worrying within these scenario's is that while the UK would potentially fall into a recession the rest of the world moves ahead ie their economies continue growing. This means for the UK economy to catch up would take 10-15 years in which the UK economy would have to grow above its historic average. With all current EU trade relationships having to be renegotiated, I just wonder how that above average growth can be achieved in the short run
Understanding the next steps in the Brexit process and the milestones within this is an essential part of any firm’s planning for Brexit. This webinar will focus on the process in the UK and EU which will shape the future relationship, including the route to ratifying the deal and an exploration of possible consequences should the agreement not pass immediately. It will also cover the key political concerns which may affect the way the agreement is ratified, and the timings around this.
The webinar will cover:
The documents under negotiation
The ratification process in the EU and UK Parliaments
Political considerations around the Withdrawal Agreement
Setting out a potential timeline
Impact on member firms
This webinar should be of interest to all those within member firms who are planning operations, communications or policy Brexit procedures, or who may be asked to respond to developments.
At AlgoMe, we’re very well acquainted with the Asset Management, Fintech and the wider Financial Services industries. We understand how dynamic and exciting these areas are to work in and conversely, how the challenging factors such as regulation, Brexit and technology are creating new pressure points.
According to The Investment Association there are currently 93,500 people employed in activities related either directly or indirectly to asset management – this is a significant community. The asset management industry alone directly employs 37,700 individuals at the end of 2016.
More than ever before, professionals and organisations need to be working at peak performance; which means sustaining a productive and stable workforce. We asked ourselves, where are we right now? What are professionals thinking and how does this stack up against what they are experiencing at work?
In order to uncover a true picture of where we are now, and how to overcome the challenges we all face, we undertook some extensive research and have just published the AlgoMe Career Satisfaction Benchmark Report.
The report is a pulse check when it comes to working goals, ideals and motivation. The results have proved what we have been suspecting for a while – the workforce is changing and there are already fundamental gaps in expectations between employees and their employers.
The report supports professionals and companies by helping them to understand how to manage their roles and ambitions successfully – especially when it comes to identifying needs and weak spots. Please enjoy the read and feel free to share this with your colleagues and HR.
The AlgoMe Career Satisfaction Benchmark Survey is now out – download it now for great insights and advice
Brexit, MiFID II, GDPR, Gender Pay Gap and Diversity are the themes we consider top of mind currently which is why we’ve created the Summer 2018 AlgoMe Industry Pulse Report.
We wanted to get under the skin of some of these key events and burning issues for 2018. In doing so, we revealed some very interesting results and statistics.
Given a choice of 7 cities, Dublin, Paris and Amsterdam are the top three choices for Asset Managers, Fintech and Financial Services employees to relocate to following Brexit. While 54% would not consider moving as a result of Brexit.
When it comes to regulation; we are not surprised to find MiFID II and GDPR will affect over 60% of the roles in the industry.
Positively, 59% believe Gender Pay Gap Reporting will improve the career progression of women.
Please read the report for the full information and do get in touch if you would like to know more about your industry workforce.