The oil and gas industry was last night warned it will feel the hit of increased costs in retaining skilled workers as a result of Theresa May’s “unclear” draft Brexit deal.
Analysts warned a lack of clarity in the 585-page document was “disturbing for the sector” which, despite being global, is “not immune” to the effects of Brexit.
Oil and Gas UK meanwhile said it welcomed the publication of the long-awaited withdrawal agreement and will reassert its priorities to the UK Government in the coming days.
The trade body said it remains focussed on protecting workers’ rights, minimal friction with Europe, energy trading and maintaining a strong voice on the continent.
David Gibbons Wood, a business and economics lecturer at Robert Gordon University, described the uncertainty as “damaging”.