Industry Warns About UK’s Proposed Post-Brexit Immigration System - Forex News by FX Leaders
Industry Warns About UK's Proposed Post-Brexit Immigration System

Industry Warns About UK’s Proposed Post-Brexit Immigration System

Posted Wednesday, February 19, 2020 by
Arslan Butt • 1 min read

Industry executives have criticized the British government’s proposed immigration system which could come into effect post-Brexit, calling it an “absolute disaster”. As per the new proposal, the salary threshold for hiring skilled workers from overseas will be reduced from the existing £30,000 to £25,600.

In addition, the government is also willing to make an exception on the minimum threshold up to £20,480 in case the migrant workers hold a job offer in a specific occupation that faces shortage. However, low-skilled migrant workers will no longer have the option for a visa to Britain.

Industry leaders have warned that this could potentially create a hostile environment in case migrant workers cannot be hired at all levels. It could lead to a severe shortage of unskilled workers in the country, a significant number of whom are hired across industries.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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