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The Brexit vote announcement and Brexit Day leave the EU and the world in a state of uncertainty shock. Shocks also followed: the stock market crash of 1929, the September 11th attacks, and the 2016 Brexit vote. Uncertainty shock hit again on January 31, 2020, when the UK formally left the EU, dubbed Brexit Day. The main difference is that with the British exit, each time a deadline appears, the shock amplifies instead of settles.
The British need for software development and tech companies providing quality products will not cease following Brexit. The UK will continue to need the trade terms that the EU provided, whether for food sources or outsourced software developers. The digital transformation is in advanced stages in Europe, the GDPR provisions on data security have been implemented, and central EU tech innovation is skyrocketing.
What is Brexit?
In a June 2016 vote, a slight majority of UK citizens, 51.9%, opted to leave the European Union, leaving the remaining 27 member states, as well as the UK, in a mild panic.
The British exit, or the shortened Brexit, was approved by the European Commission on January 31st, 2020.
In February 2020, foreseeing a post-Brexit future may be a task for a fortune teller. Talks between the UK and EU begin in March. The transition period that lasts until the end of 2020; extensions are to be determined once a June decision has been confirmed. A mere five months away.
Regardless of the claims by British Prime Minister Boris Johnson that the UK government will not prolong the transition period, it still may take one year or many years for the two sides to come to a conclusion.
Ulam Labs will continue to work with British companies throughout the transition period and after all formalities are complete, regardless of the outcome. The development of the highest quality business analytics and management software, cloud-based tech, or blockchain systems remains at the center of Ulam Labs offer.
How will Brexit affect the UK economy?
Paul Krugman, professor of economics at the City University of New York, stipulates that Brexit supporters claiming an increase in UK exports with leaving the single market are wrong. With each deadline, imports slumped and subsequently rose amid Brexit fears, therefore doing more damage. Needless to say, the UK is in fear about the near future, despite an 11-year high in confidence for Boris Johnson's government.
The UK was the European Union's second-largest outsourcer and also second-largest economy. Future-thinking is needed for negotiations on both the UK and the EU sides. Some scholars claim that the UK may see up to a 24% drop in trade for goods and services. This leaves many companies frantic about the aftermath.
Differences in privacy and trade laws putting outsourcing at risk remain largely unknown for now. Until there is a certain, Ulam Labs chooses to carry on as is.
How will nearshore and offshore software development change after Brexit?
Fears of a higher employment cost within the UK are not unfound. To keep company costs low, there is no better time to act than the present. The future seems unknown once Britain leaves the EU, but starting your tech project now will greatly benefit your company in the future.
Companies are asking how trade relations regarding as-a-service goods are inclined to change post-Brexit. With the UK government claiming a speedy departure, Ulam Labs remains neutral and expects a change, but neither negative or positive. The transition period provides a little less than one year for the UK government and companies to ease their way into a new way of doing things.
How should I start cooperation with a software house in the EU after Brexit?
If you are planning on partnering with an outsource company from within the EU, like Ulam Labs, and completing your project within 2020, fret not. Business relations will remain as they currently are until at least 2021.
Ulam Labs is the go-to tech partner for companies looking for a software house with an eye-catching history. Whether your company needs Python, DevOps, or a blockchain solution, our team can help you with your needs.
Ulam Labs is a software development company from which many British companies have already chosen as a great market for tech partner selection. We provide full-scope development support throughout the whole product lifecycle for both web applications and mobile apps.
How will Brexit affect actual cooperation with Polish software houses?
Every year approximately 15,000 students enter the software development industry in Poland fresh out of their studies. It has been like this for several years and will continue once the UK leaves the European Union. Poland is a great place for sourcing inventive and cost-effective IT development.
Any Polish software house should be worried about Britain's choice to leave the EU. While saddened by the possible disruption in our London trips, Ulam Labs remains optimistic about the future. At Ulam Labs, we can help SMS’s, but also new start-ups. So just how easy is it to start cooperation? Read on to find out how the technology project of your dreams can become a reality.
How can I start a software development project?
Ulam Labs has a streamlined workflow. There are two ways to contact our team. You can fill out a contact form on our site with as little or as many details as you are able to provide. Or, you may use quick and easy video conference call set up to tell us about your needs.
Once we settle conditions of our contract, we start work with our discovery workshop that lasts 2-3 days. During this time, we facilitate discussions and ask questions, while you onboard us to your project idea. If you already know exactly what you want, go ahead and send it to us.
Afterwards, Ulam Labs creates a project outline where the fine details of your software are noted. We define scope, user stories and an estimated budget before getting back to you.
Next is the project kick-off phase. Your part during this phase is to take an active role in the planning and accepting of decisions. Our part is to plan our processes and communication patterns. We look at how many and which software developers should work on your project. We also figure out how many hours will be needed. In up to two weeks, we email you back with a final price.
We recommend taking an active role and attending our sprints meetings, so you know exactly how your software is shaping up. After we have a finalized live product, you sit back and relax and let us handle the tech things like bug fixes and monitoring the stability. Full life cycle.
Even if Brexit is finalized during our cooperation, we expect to deliver your product regardless. As laws come into view during the transition period, we will make any adjustments needed to comply with new regulations. We can assure you that we do business with companies outside the European Union on a regular basis, thus adjusting to new regulations is a piece of cake for us.
Summary
No one knows what the near future looks like. In the end, British companies will need software development. With the costs of software developers within the UK rising, each company will have to take a look at the pros and cons of choosing a local software house vs. cost-effectiveness and seeking help from within the EU.
Interested in getting help with the technology you need? Our software developers are always on the lookout for a new project!
Send us a message or leave your email address! We are happy to help with development to get your technology-based company off the ground.
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