Well, that didn't quite go according to how I'd hoped. We're leaving the EU.
As 80% of my employer's revenue is based on accessing EU grants for British companies doing R&D so they can invest more of their money it back into their businesses and expand, it means an uncertain time for my firm and an uncertain future for our clients. It may be that this EU grant money is replaced by funds from within the UK once we leave, but innovation and R&D may not be a priority. If that's the case, my job is on the line as our work will dry up.
Not what I want when I'm just about to take on a large mortgage, but we'll survive. I'm not someone who can sit and wait, I like to take action to reduce uncertainty, but at the moment there is scant specific information about how the UK will work without the EU, so not much for me to work with and there is unlikely to be any for the next few months. The Leave campaign had ideas, but at the moment there is no plan behind how these will be achieved. There is no question of us pulling out of the house sale - the contracts are being signed Monday - so I have to make a plan of my own and adjust it as more information comes out. So I've decided in the next two years I need, as a matter of urgency now, to:
a) devise a plan and begin going hell for leather paying off the majority of our mortgage within five years, preferably less, but keep this money easily accessible in case I lose my job
b) identify sectors that will either be unaffected or affected positively by Brexit and start job hunting within them, retraining to orientate my skills into these areas
c) develop two side hustles in addition to my day job that can bring in a second income so if I am made redundant unexpectedly I can switch across. I want one of those side hustles to bring in another third of our monthly income, so this will take some doing. This is far beyond what I had planned, but due to Brexit I now I need a much bigger safety net that I did before. I can't bank on any job providing this for me. Basically, I need to set up a proper business and not just freelance gigs.
Scary times ahead.