In the first of a special new series, Precise Consultants talks to industry figures about the big issues facing us right now.
One word sums up what is on everyone’s lips right now: Brexit. After a majority of the UK voted to leave the European Union and the mushroom cloud that subsequently enveloped British politics, there’s much uncertainty and potential upheaval. But we do know one thing: we’ve got to get on with business.
Topical quick fire
Scarlett Mummery, better known as Offshore Blondie, says the EU Referendum made her appreciate the privileges of democracy that we enjoy in the UK. She voted to Leave and she’d do it again.
How did you vote and why?
My ‘Brexit’ vote decision was based solely on personal circumstances. My family have been involved in the UK fishing industry for generations and the prospect of a brighter future for the UK fishing industry heavily influenced my decision to vote leave. The East Coast fishing industry has been under threat for two years now at the risk of being destroyed by the expanding offshore energy wind industry. I have witnessed my mother fighting continuously passionately for over two years now against the likes of Scottish Power, Galloper Windfarm, RWE and ABP to keep her business (BFP Eastern Ltd – Fish Auctioneers) where it rightfully belongs at Lowestoft Fish Market. My friends did have very different views and opinions on whether or not to leave the EU but again like myself the majority of them made their decision based on their personal circumstances. I would without a doubt vote the same way again. None of us know exactly what ‘Brexit’ means for the UK, the full scale of both negative and positive impacts it will have on our nation we just have to knuckle down respect the decision and be positive about the future.
What do you make of the immediate aftermath of the Referendum?
We all knew that if we chose to leave the EU that things would become unsettled, that’s life. The crash of the British pound and FTSE100 was predicted. It’s been just over a week now and we have already seem the sterling and the stock market bounce back slowly but surely. It has been a tough year and half for those involved in the oil industry due to the recent crash in crude oil price. This is no different to what we are seeing now in the UK. I am a very positive person and believe that is the outlook you should always have in life. Throughout the crude oil downturn I have said that things will get better, its ‘swings and roundabouts’ which I believe is likewise for the British economy.
Have you seen any trickle down in the oil industry?
Initially yes, on the ‘Brexit’ decision day the price of crude oil did fall. The current state of the oil industry is a global situation which of course the UK is heavily involved in. The UK’s decision to leave the EU is not top of the oil industry’s priority list. I believe the energy industry of the UK will be more heavily affected by the EU exit decision. This is a topic I will be covering on the blog soon – energy security, funding, benefits etc.
What do you think about the potential long-term impact – was the industry taken by surprise or was there been sufficient post-Brexit planning?
When discussing the EU referendum with fellow colleagues involved in the oil and gas industry, the sector we all work in ourselves did not really get discussed. The majority of my colleagues are from Australia, Singapore, USE and Malaysia so that might be why. My fellow British colleagues stressed reasoning behind their decision based on other topics, in particular immigration.
Do you typically work in Europe – will that change?
Currently I am working onshore in the UK as a consequence of the crude oil price downturn. My past offshore work experience has taken place all over the world including Europe. I am still part of Benthic Plc on a casual part time contract. Due to Benthic’s headquarter locations (Houston and Singapore) all of my offshore swings for the company have been outside of Europe.
What’s your take on the impact on younger people?
It was evident from the demographic break down of the ‘Brexit’ vote (75% remain) that a higher percentage of the younger generation voted to remain. I know that people similar age to myself feel like the older generation have thrown them under the bus so to speak. Like I said, no-one knows the full scale of what ‘Brexit’ means to the nation. The UK’s journey outside the EU is one we are all going to have embrace and it will influence the younger generation’s lives. Multiple family members and friends have said to me that they were voting to leave for the sake of their children. Many of the older generation believe their vote and the overall decision to leave is nothing but positive for the younger generation.
Do you think a positive outcome will be that more young people realize the importance of their vote and become more engaged in political life?
You can only hope so. I have never been a huge fan or shared a huge interest in politics. Since reaching 18 I have always voted as I believe in particular as a woman that we should respect the strong females that fought to allow us to have this privilege many of us take for granted. The EU Referendum has definitely sparked an interest in politics for me and it has opened my eyes to how privileged we are to live in a country that demonstrates and respects democracy.
What are your opinions? Let us know.