Chris Cummings, Chief Executive, TheCityUK, said
The Migration Advisory Committee’s recommendations today to restrict the number of skilled migrants coming to work in the UK would be bad for business and bad for UK competitiveness. TheCityUK urges the Government to prioritise policies that increase our skills base. To maintain the competitiveness of the City as a global financial centre, firms need the flexibility to employ the best people here in the UK and from overseas at different stages in their careers to ensure the long-term attractiveness and international success of the UK as a place from which and in which to do business. They also need the same freedom and flexibility to deploy their staff abroad – vital to international business operations. A flexible labour market and a highly skilled workforce are among the UK’s, and indeed the City’s, greatest competitive advantages.