Immigration Cap on high-earners being lifted - | Hudson McKenzie

Immigration Cap on high-earners being lifted

February 16, 2011 | News

The UK Government has announced that individuals earning more than £150,000 a year will be exempt from the yearly cap on economic migration. Scientists from outside the EU will also be given priority because of worries that the cap would make British research universities uncompetitive.

In stark contrast, the UK Government has set aside a total of 20,700 work permits (Tier 2 General) for people from outside the EU. This means that all other Tier 2 migrants (except ICT) who do not fit the above categories will unfortunately be squeezed into this quota.

London’s biggest global businesses will be very delighted with the UK Government’s approach i.e. measures to lift cap on high earners along with an exemption on the intra-company transfer (ICT) route as they fear that they will not be able to hire people if the restrictions are put in place across the board.

But what about many other UK businesses, large, SME’s and the education sector who will bear the brunt of the Conservative party’s polices? Are we here saying that the British economy is run solely by bankers and people alike whose incomes exceed £ 150,000? What about thousands of other skilled migrants whose combined efforts contribute to the UK economy?

Is immigration good for the United Kingdom?

The subject of immigration is very complex and extremely emotive. Facts are often ignored in favour of preconceived ideas. Prime Minister David Cameron has said current immigration levels are not sustainable and called for net migration – the difference between the number of people entering the UK and those emigrating – to be reduced from nearly 200,000 a year to “tens of thousands”.

Conservatives have time and again argued that immigrants put pressure on the UK economy specifically on the job sector. What they do not realise is the rampant benefit fraud which is depleting the exchequer rather too quickly. Clearly this highly selective approach adopted by the Conservative Party is favouring jobs for scientific researchers, high earners and jobs where there are skills shortages. The changes have been made possible purely due to political pressures and intense lobbying by large financial institutions and there is no evidence that these changes will not damage economic recovery in the United Kingdom.

Whilst there is both good and bad immigration and there are cases where immigration is badly handled, however for the UK to shut doors to many deserving immigrants would make us miss on extra tax. The damage we are talking here is going to be of biblical proportions and irrevocable.

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