Brexit could have just opened opportunities for skilled immigrants globally. One of the fears that British company’s face is having the right skilled resources in light of the divorce to be concluded in 4 months.
Theresa May has confirmed that Britain’s post-Brexit immigration system will enable businesses to bring in high-skilled workers from the rest of the world, but firms should also do more to train up young British people.
Immigration was a major issue in the 2016 vote to leave the European Union and May has promised to end the free movement of EU citizens to live in Britain.
The British government will soon publish a policy paper that will spell how the new immigration system will operate. This will assist ally fears of most corporates about having ability to taken on human resources with the right skills post-Brexit.
“We are speaking to corporates about their tailored needs and what we hope to see and what I’m sure we will be seeing is opportunities for young people in the UK, opportunities for training and skilling young people in the UK,” May told reporters at the G20 summit in Argentina.
The British government does recognize that there are businesses that wish to source skills ex Britain as such the post Brexit immigration system will have to be reflective of that need.
Theresa May will now focus on having the divorce deal endorsed by parliament. May has faced a stark from conservative and labor party members who have accused Bank of England Governor Mark Carney as being a scaremonger with his stress testing results encompassing Brexit scenario’s. Britain’s economy could shrink as much as 8% in 2019 with interest rates blowing to 5.5% (from current 0.75%) and the Sterling could slide as much as 25% hitting parity with the dollar.
Britain is the 5th largest economy in the world and with this divorce, it would be looking for access to newer markets such as Africa etc.