The Access to Global Talent report on the impact of immigration caps on the City of London was relea
The Access to Global Talent report on the impact of immigration caps on the City of London was released this morning.
In his response to the report, Desmond Hudson, Chief Executive of the Law Society, emphasised the importance of skilled migrants to the UK economy.
He said, "Recruiting the very best talent from around the world underpins the success of England's world-leading law firms. Recent changes in business migration rules have impacted upon firms’ ability to plan for the future.
“The fact that current quotas have not been taken up during a recession does not provide the Government with the justification to make further cuts in business migration. If law firms and other businesses are to remain strong during these testing times they need to be able to recruit the best people, whatever their origin.
“While the UK is currently one of the top 15 destinations for global talent, today’s report highlights that its ranking is projected to drop, as other countries improve their competitiveness. The Government must ensure that it does not damage the UK's international position by limiting business migration to unrealistic levels or imposing more bureaucracy on business.”