Express belief the restrictions will harm the UK’s recovery
18th March 2011: Economists have joined the tirade against restrictions on immigration from outside the European Union. They have expressed a firm belief that the restrictions will harm the UK’s recovery.
Jonathan Portes of the National Institute for Economic and Social Research (NIESR) says limits on skilled migration have a significantly negative effect on growth.
Expressing similar views, former government economist Vicky Pryce says they want the government to rethink this issue. He adds already there is a debate within government about how immigration curbs on highly skilled employees are affecting growth sectors. He too was in attendance at the NIESR’s pre-Budget conference in Westminster.
The Centre Forum, a liberal think tank, too is of the opinion that immigration curbs have to be revisited as part of chancellor George Osborne’s budget. Osborne is expected to promise a “budget for growth” next week.
The assertions come even as the government is all set to dole out 1,000 visas per annum for exceptionally talented migrants in the fields of science, arts and humanities.
The permission to stay in the UK will initially be granted to them for three years and four months. But, they will be able to extend their stay for a further two years, and to settle here after five years’ residence in the UK.
The government has already published a statement of intent outlining how the new Tier 1 (Exceptional talent) route will operate from April 2011.
This innovative new route for exceptionally talented migrants will be limited to 1,000 visas per year. It is for talented migrants already recognised or have the potential to be recognised as leaders in the fields of science, arts and humanities.
The government is also giving a clear indication that you can settle faster in the UK by investing large sums of money.
For the government has rolled out a `red carpet’ for them. They are, in fact, being given an extra incentive to come to the UK by new visa rules, which reward those contributing to economic growth.