Skip to main content

The UK is attractive to high skilled workers.

 

Laboratory
The UK has shot up an inter­na­tional rank­ing of coun­tries that are most attract­ive to highly qual­i­fied work­ers, owing to changes to the migra­tion regime intro­duced after Brexit.

The OECD said yes­ter­day that the UK had risen its «tal­ent attract­ive­ness» list faster than any other coun­try since 2019, num­ber­ing in the top 10, ahead of the US and behind smal­ler coun­tries such as Aus­tralia and New Zea­l­and that have long looked to migra­tion to boost their work­force.

Accord­ing to the Paris-based organ­isa­tion, Bri­tain had risen the rank­ings after abol­ish­ing its quota for highly skilled work­ers, and because these work­ers ten­ded to do well in the labour mar­ket.

Rel­at­ive changes like these can make a big dif­fer­ence as highly skilled work­ers are «increas­ingly in a pos­i­tion to choose the best des­tin­a­tion coun­try for them­selves and their fam­ily», the OECD poin­ted out.

The UK’s post-Brexit migra­tion regime, described in research pub­lished this week as «the biggest shake-up in half a cen­tury» of the sys­tem, was inten­ded to ease the recruit­ment of highly qual­i­fied work­ers world­wide.

Last year, net immig­ra­tion to the UK reached a record high, although this also reflec­ted inflows of refugees from Ukraine and Hong Kong, sur­ging stu­dent num­bers and an over­seas recruit­ment drive by the NHS and care sec­tor.

However, the UK’s new migra­tion sys­tem gives employ­ers who pre­vi­ously hired freely from the EU little access to visas for jobs filled by less-qual­i­fied work­ers.

After strong busi­ness lob­by­ing, min­is­ters are look­ing at relax­ing visa rules for mid-skilled roles in con­struc­tion and other sec­tors, in the con­text of wide­spread post-pan­demic labour short­ages.

Dumont said open­ing up visa routes for work­ers with mid-level qual­i­fic­a­tions would be in line with policy changes in a num­ber of other OECD coun­tries, includ­ing Ger­many and Spain.

www.sba.tax

Labels:

Comments

  1. Susan10 March 2023 at 10:47

    But there are still problems with less-qualified workers. How are those addressed?

    ReplyDelete
    Replies
    1. Ted10 March 2023 at 11:38

      Yes, this is far worse than we think and it needs to be addressed right away. Not in a month or two but now. Labour shortages is putting it lightly.

      Delete
  2. Amber10 March 2023 at 13:42

    Good to know. I didn't know highly qualified workers were considering the UK such a good place to work and live in.

    ReplyDelete

Post a Comment

Cloud Bookkeeping

US FED rate rise.

  The US Federal Reserve officials have indicated that they plan to resume increasing interest rates to control inflation in the world's biggest economy. During the June meeting, the Federal Open Market Committee reached a consensus to keep interest rates stable for the time being to evaluate whether further tightening of policy would be necessary. However, the majority of the committee anticipates that additional rate increases will be required in the future. The minutes of the meeting have recently been made public. According to the minutes, most participants believed maintaining the federal funds rate at 5 to 5.25 per cent was appropriate or acceptable, despite some individuals wanting to raise the acceleration due to slow progress in cooling inflation. Although Fed forecasts predicted a mild recession starting later in the year, policymakers faced challenges in interpreting data that showed a tight job market and only slight improvements in inflation. Additionally, officials gr...
Post a Comment
Read more

EU business slide.

  S&P Global’s flash eurozone composite purchasing managers’ index, a key gauge of business conditions for the manufacturing and services sector, fell 1 point to 47.1, figures showed yesterday. That is its lowest level since November 2020 and the fourth consecutive month below the crucial 50 mark separating growth from contraction. One of the few bright spots in the survey was that companies in all sectors reported a slight easing of cost pressures, price growth and supply chain constraints. However, prices charged for goods and services still rose at the sixth fastest rate since such data started in 2002. Jobs growth increased marginally from October but remained low compared with the past 18 months. Following a few months of falling price pressure in manufacturing and services, the October print shows an overall stabilisation said Jens Eisenschmidt, chief European economist at Morgan Stanley. However, German businesses, at the hub of Europe’s energy crisis, reported that manu...
1 comment
Read more

India- UK trade deal.

  According to India's top trade official, talks with the UK regarding a trade agreement are progressing well, despite obstacles related to temporary work visas and the opening up industries like automotive and spirits. The Commerce and Industry Minister, Piyush Goyal, explained that India is seeking transition periods or greater market access in specific sectors due to its economy, which is slightly larger than the UK's and expected to outgrow it in the coming decades. If a trade deal is reached, it would be one of the most significant agreements for Britain since leaving the EU, and it would also be necessary for India, which surpassed the UK as the fifth-largest economy last year. Goyal stated that India aims to increase its economy from $3.5tn to $35tn by 2047, the country's centenary of independence. According to officials and diplomats in India, talks about a proposed trade deal may be finished by early September, just in time for the G20 summit in New Delhi. Nigel Hu...
Post a Comment
Read more