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

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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Arslan Butt
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Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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