Tuesday, 30 August 2016

Deloitte Urges UK not to Restrict skilled migrants after Brexit

Global accountant Deloitte has called on Britain's government not to clamp down on skilled migrants following Brexit, saying it could backfire on the economy. Britain's vote in June on to leave the European Union means many banks and other financial firms will need advice from firms like Deloitte on whether to relocate business to the continent. 

David Sproul, Deloitte UK's senior partner and chief executive, said Brexit also brings new challenges. "The early economic indicators suggest the uncertainty created by the Brexit vote will lead to a slowdown in the second half of this year," he said in a statement on Tuesday. 


A Deloitte survey of chief financial officers showed that restricting the inflow of skilled migrants to Britain could hurt the country's ability to attract investment. Many of those who backed Brexit want migration curbed. "The rights of EU migrants should be protected and any future migration policies should respond to our economic needs rather than be overly focused on total numbers. This is whilst recognising the need for politicians and business leaders to make the economic case for immigration more clearly," Sproul said. Deloitte employs 16,006 people in Britain and Switzerland.


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