Economics

Topics: Europe, Great Britain, Immigration Pages: 2 (625 words) Published: February 26, 2014
Summary Text 7 by Bruno Collin

Immigration and business

In the past two years the coalition government of the UK has been putting a lot of effort in their immigration policy. The prime minister has even promised to cut the immigration from outside Europe, down to tens of thousands by the end of 2015. For example, foreign students will have a few months after completing their courses to find a licensed sponsor who will pay them at least 20.000 pounds otherwise they have to leave the country.

As you can imagine, the business will suffer from this new policy. In East-London for example, there is a place called ‘Silicon Roundabout.’ This hart of technology relies on foreign skills. Because of this new migration policy, less foreign students are able to work and run this place. So you can easily say that this is putting Britains long-term economic health at risk. Ofcourse there is already some complaining about these new rules from outside the UK. A lot of companies are spreading the word that skilled migrants are not wanted in the UK. Also they are complaining about the expense and trouble they have to go through to get a work visa for their employees. Especially for the smaller companies who simply don’t have the money for such an uncertainty. And they are calling it an uncertainty because even if they apply for a work visa, they’re not ensured that they even get one. In the technoly business, time is of essence. Unfortunately there are few engeneering talents and it’s even harder to find them. Once they are in the picture, they sooner take a job in the US where they can start right away, instead of waiting 5 months and maybe start in the UK. Service industries also suffer from this decrease of skilled migrants. This industry is based on the position of London and that position is under threat. Other cities are just more welcoming than London at the moment. (Example Singapore: ‘How can we help you to move here?’) If we take a look at the architecture...
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