FOREX TradingCharts.com

Financial News: UK Businesses 'Totally Unprepared' For Migration Fall Afte

UK Businesses 'Totally Unprepared' For Migration Fall After 'Brexit'

06/12/2017 - 07:05:00 (RTTNews)

(RTTNews) - Employers are totally unprepared for the fall in migration after the UK leaves the European Union, a new survey commissioned by the Resolution Foundation showed Monday.

The survey identified a huge gap between the kind of immigration system British employers expect and what the new government is planning.

The survey showed that almost half of firms have totally unrealistic expectations of what the post Brexit immigration regime might be.

About 46 percent of employers do not expect any change in the number of EU nationals in their workforce over the next 12 months, while around 26 percent expect a decrease in migrant employees.

This is despite there having already been a sharp fall in net migration - from a high of 335,000 on the eve of the referendum to 248,000 at the end of last year.

The think tank observed that lower migration, coupled with a higher minimum wage and a tightening jobs market, could put an end to the era of readily available cheap labor that has characterized the UK labor market in recent years.

The Foundation said it is vital that the new government listens to business and give firms the clarity they need to start preparing for a new immigration regime.

The think tank said ensuring a smooth transition towards a lower migration post-Brexit labor market should be a key objective of the new government.

"As the fall-out from last week's election rumbles on, the new government will need to be making fast preparations for Brexit negotiations that start in just seven days' time," Torsten Bell, Director of the Resolution Foundation, said. "But it's not just government that needs to step up preparation for Brexit."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Bank Of America Lowers U.S. GDP Outlook (04 hr(s), 41 min(s), 52 sec(s) ago)
(RTTNews) - Bank of America Merrill Lynch has downgraded its outlook on U.S. gross domestic produc ...Full Story»

Swedish Unemployment Rate Set To Drift Lower This Year (08 hr(s), 04 min(s), 52 sec(s) ago)
(RTTNews) - Sweden's unemployment rate is likely to ease in the coming months of this year, wh ...Full Story»

Eurozone Consumer Confidence Unlikely To Rise Much Further (08 hr(s), 38 min(s), 52 sec(s) ago)
(RTTNews) - Eurozone consumer confidence is unlikely to rise much further in the next year, despit ...Full Story»

Belgium Business Confidence Weakens For Second Month (09 hr(s), 08 min(s), 52 sec(s) ago)
(RTTNews) - Belgium's business confidence deteriorated for a second consecutive day in June am ...Full Story»

BRAZIL: Central Bank Points Again To Slower Pace Of Interest Rate Cuts (09 hr(s), 48 min(s), 52 sec(s) ago)
(RTTNews) - The Brazilian central bank stated again, this time in its quarterly inflation report, ...Full Story»

MEXICO: Central Bank Increases Key Interest Rate To 7% (09 hr(s), 55 min(s), 52 sec(s) ago)
(RTTNews) - Mexico's central bank (Banxico) decided to increase its benchmark interest rate by ...Full Story»

Eurozone Private Sector Growth Moderates In June (10 hr(s), 05 min(s), 52 sec(s) ago)
(RTTNews) - Eurozone private sector growth moderated in June from a six-year high due to a slowdow ...Full Story»

Iceland Wage Growth Accelerates In May (10 hr(s), 18 min(s), 52 sec(s) ago)
(RTTNews) - Iceland's wage growth accelerated for the first time in thirteen months in May, fi ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Bank Of America Lowers U.S. GDP Outlook

06/23/2017 - 13:48 PM (RTTNews)
(RTTNews) - Bank of America Merrill Lynch has downgraded its outlook on U.S. gross domestic produc ...Full Story>>

Swedish Unemployment Rate Set To Drift Lower This Year

06/23/2017 - 10:25 AM (RTTNews)
(RTTNews) - Sweden's unemployment rate is likely to ease in the coming months of this year, wh ...Full Story>>

Eurozone Consumer Confidence Unlikely To Rise Much Further

06/23/2017 - 09:51 AM (RTTNews)
(RTTNews) - Eurozone consumer confidence is unlikely to rise much further in the next year, despit ...Full Story>>

Belgium Business Confidence Weakens For Second Month

06/23/2017 - 09:21 AM (RTTNews)
(RTTNews) - Belgium's business confidence deteriorated for a second consecutive day in June am ...Full Story>>

BRAZIL: Central Bank Points Again To Slower Pace Of Interest Rate Cuts

06/23/2017 - 08:41 AM (RTTNews)
(RTTNews) - The Brazilian central bank stated again, this time in its quarterly inflation report, ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.