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IoD responds to latest migration figures

16 Jul 2018

peopleResponding to official migration statistics, showing net migration was slightly higher in 2017 than 2016 (by 33,000), Tej Parikh, Senior Economist at the Institute of Directors, said:

“UK employment figures continue to perform strongly, with job vacancies at an all-time high. As a result, skills gaps are opening up across the economy. Individuals from abroad play a crucial role in addressing these shortages, in sectors from agriculture right through to financial services. But international workers also bring new ideas, management techniques, and a wealth of knowledge about foreign markets, which helps lift British trade and productivity.

“With a stretched labour market, maintaining our attractiveness to international talent and bolstering businesses’ access to global skillsets will be essential. The Government’s aim for an ambitious post-Brexit labour mobility scheme is welcome, but we also need to see the Government creating a positive overall migration policy later on this year that enables companies to take advantage of opportunities for growth around the world.”

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