A Treasury minister said that firms in the City require to have “frictionless” access to overseas workers after Brexit. The minister also called immigration a “force for good.”.
Talking during a debate regarding the shape of the future immigration policy of the United Kingdom, John Glen, a City minister, discussed the importance of the financial sector being able to fill the gaps in significant positions.
His remarks came after the chief executive of The City UK, a financial and professional services lobby group, made it clear that any possible restrictions on migration post-Brexit were the number one concern in the industry that he represents.
It comes after a Cabinet decision that both EU and non-EU citizens should be treated the same when it comes to rules of immigration post-Brexit, however, it is not clear whether there will be a limit on the numbers or restrictions in some significant sectors.
Talking at a fringe event that was part of the Conservative Party Conference, Glen stated: “If City institutions are going to be able to function efficiently they need to have a frictionless means of bringing people in to fill those key gaps, and that’s not just confined to high net-worth individuals.”
During the said meeting, Glen criticised the manner in which some of his colleagues had exploited the worries with regards to immigration.
Glen stated: “Sometimes the temptation is in order to build a rapport with a certain populist message we say things to court that, rather than actually to challenge it when we know factually it’s not correct.”
On the day when Philip Hammond, the British chancellor, insisted that the Conservatives were the “party of business,” the chief executive of The City UK, Miles Celic, urged the government to listen to the concerns of the financial sectors over restricting immigration post-Brexit.
He stated: “It’s the number one issue for what is the most successful industry in the UK.”
He added: “When you talk to chief executives or chairmen or business owners whether they are SMEs or the head of large multi-nationals, whether they are British companies or European companies or international companies based in the UK, the thing that brings them to Britain and the thing that keeps them in Britain is access to an unrivalled talent pool.”