Policy Chairman response to Migration Advisory Committee report

Commenting on the publication of the Migration Advisory Committee’s report on EU migration, City of London Corporation Policy Chairman Catherine McGuinness said:

“Access to global talent is a critical issue for the financial and related professional services industry. More than one in four people working in banking and finance in London are non-UK citizens, with EU citizens helping to fill almost 17 per cent of jobs across the sector.

“Businesses need to be able to employ the right people in the right location. This matters for fast-growing fintech firms requiring specialist coding expertise, as well as more established international institutions looking to transfer highly skilled staff in to the UK for specific projects.

“Both firms and individuals working in the UK urgently need certainty about how our immigration system will operate post-Brexit. In order to realise the government’s vision for Global Britain, we must remain open to global talent.”