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The Airbus A350 flies at the China International Aviation & Aerospace Exhibition. Photo: Power Sport Images/Getty Images

With a little more than nine months to go until the United Kingdom leaves the European Union, the country is bracing for a workforce shortage that could cause companies to divest and head elsewhere.

Why it matters: It’s been two years since the Brexit vote, and Prime Minister Theresa May and the country's Conservative government are still attempting to weave legislation through the House of Commons to set the terms of Brexit. Until then, businesses will be left in limbo on what to expect for the country's industries — and some of the fallout is already taking place.

The affected industries

Businesses are "increasingly panicky" about whether the Brexit legislation will be a good deal for them, Jonathan Portes, a professor of economics at King's College London tells Axios.

  • Aerospace company Airbus said in a statement that it's considering leaving Britain altogether. The company employs 15,000 people in 25 locations in the U.K. "In any scenario, Brexit has severe negative consequences for the UK aerospace industry and Airbus in particular. Therefore, immediate mitigation measures would need to be accelerated," Airbus COO Tom Williams said in the company's Brexit risk assessment.
  • Nearly all of the seasonal jobs in the U.K., like fruit picking, are held by migrants from Eastern European nations. Last year, unpicked fruit on farms were left to rot due to the shortage of workers. British farmers are already investing in other countries like China as well as other parts of Europe, per The Guardian.
  • Financial service jobs like banking may head Germany after the U.K. leaves the EU. The Bank of England estimates 75,000 financial services jobs could be lost following Brexit, according to the BBC.
  • The number of nurses who registered to practice in the U.K. dropped 96%, according to a June report by the Nursing and Midwifery Council.

What to watch: The size of the British workforce is expected to shrink substantially with only about 820,000 new people by 2025, according to employment consultant Mercer. About 2 million people entered employment during the prior 10 years.

It's very hard to imagine how the vote will not affect Britain negatively, Portes said. Because of the vote, people are already less willing to come to the U.K. as it has become viewed as a "less welcoming place" and less guaranteed, financially. Per a CIPS survey:

  • 63% of European businesses expect to reduce their use of U.K. suppliers.
  • One out of five manufacturers plan to lay off workers due to increased costs after Brexit.
  • 65% of businesses are concerned about the future strength of the pound.

Go deeper:

Go deeper

Federal court blocks Biden's vaccine mandate for health workers in 10 states

President Biden delivers remarks on the Omicron COVID-19 variant following a meeting with his COVID-19 response team. Photo: Anna Moneymaker via Getty Images

A federal court in Missouri has blocked the Biden administration from enforcing a coronavirus vaccine mandate for health care workers at federally-funded facilities in 10 states.

Why it matters: Monday's decision is the first victory for opponents of the rule, which requires health care workers to get vaccinated by Jan. 4, 2022. The case is one of four lawsuits challenging the Centers for Medicare & Medicaid Services' (CMS) rule and argues that the mandate will exacerbate staffing shortages.

Twitter's next act

Illustration: Annelise Capossela/Axios

Twitter co-founder and CEO Jack Dorsey is exiting the company he helped build at a time when its future has never been so uncertain.

Why it matters: The person who controls Twitter controls the de facto public square — with implications for politics, media and free speech.

37 mins ago - Health

CDC strengthens COVID booster recommendation

Rochelle Walensky. Photo: Chip Somodevilla/Getty Images

The Centers for Disease Control and Prevention (CDC) on Monday strengthened its previous recommendation for booster shots, saying that everyone 18 and older "should" receive a booster dose.

Why it matters: Last month, CDC director Rochelle Walensky accepted a key advisory committee's recommendation that adults "may" get the shot. The slight, but strengthened, change in wording comes amid the emergence of the Omicron coronavirus variant.