TheCityUK responds to the Migration Advisory Committee report

The Migration Advisory Committee has today published its report on ‘A Points-Based System and Salary Thresholds for Immigration’.

The report recommends the government retains the existing Tier 2 visa scheme but lowers the skills and salary thresholds, and abolishes the cap on the number of visas granted annually while simplifying the application process.

Miles Celic, Chief Executive Officer, TheCityUK, said,

Britain’s success is built on openness. Being able to attract and retain the most talented people is a critical part of that. It is a top priority for business leaders in financial and related professional services right across the country. The UK’s future immigration system must be fit for the country’s needs, be future-focused and fair.

“Today’s report builds on many of the recommendations we made in our report with EY in 2018 – one of those being the recommendation to remove the cap and lower the salary threshold for tier 2 visas. To drive growth across all parts of the country, government should work with the industry to help firms grow their regional and national footprint. For a people-driven industry like ours, that means boots on the ground with a wide range of skills and experience.”