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.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles

Leave a Reply

Notify of