ERM Quarterly - Quarter 2, July 2016

The principal political event of the quarter has been the decision of the UK electorate in favour of ‘Brexit’ from the European Union in a referendum held on 23 June. The outcome was a surprise and went against the counsel of most economists, policymakers and international organisations as well as the majority of elected UK politicians.

This issue includes: Macroeconomic trends and prospects; Job creation and job loss at a glance (01/04/16 - 30/06/16); Sectoral distribution of job losses and gains, and top five cases; Restructuring-related legal regulations in focus: Staff information and consultation on collective dismissals; Case in focus: Brexit vote creates jobs uncertainty in the UK; Case in focus: UK department store chain BHS closes with almost 11,000 job losses.