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World

As Britain turns inward firms looks to Europe

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Opening sequence

World

As Britain turns inward firms looks to Europe

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COMING UP:As Britain turns inward firms looks to Europe

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00:00:00
>> At the UK's only manufacturer of crash test dummies, accidents not the only concern having an impact.
SOUND] B
exit has had business worried. Britain and the EU could take years to rewrite the rules that govern their business ties. But for many, that's too long to wait. I'm Reuters' Reporter Rosanna Philpott here on Encocam's Factory Floor in Cambridge.
00:00:23
While business appears to be going on as usual, but for highly specialist companies like this the Brexit has brought uncertainties. They rely on skilled workers from the EU to come here. Now, they're looking to bring the work to them. A quarter of Encocam's staff are from EU countries.
00:00:41
Managing Director Mike Ashmead is concerned that new immigration rules could make hiring from elsewhere difficult. He says they can't afford the risk and must expand the company abroad instead.>> We are looking at number of places. We look in Ireland, because that will give us the language advantage.
00:01:01
We are looking at Spain, which is giving us the skills that we need. We just cannot wait the sort of time it takes for the bureaucrats to make their decision.>> Encocam isn't alone. Telecom giant Vodafone has announced its HQ might be moved from London to mainland Europe.
00:01:21
Employees at Encocam say the UK could be shutting its door to willing, skilled, and educated workers from across the continent.>> Lots of my friends will now go to Germany probably, or to France or somewhere>> There are many, many people qualified, not only engineering, but many other fields such as Medicine, or even Teachers.
00:01:44
There are thousands that are unemployed at the moment.>> But it's not only new staff that Ashmead worries about. He's concerned the vote will unsettle those already here, and that working across the channel will soon become a much more attractive option.