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UK Economy Weaken, as Immigrants were Reduced


March, 28 2018
watermark Economic news

Great Britain should expect a slower economic growth in case that immigrants will leave after the Brexit. According to a government committee, the British economy has higher chance to grew weaker if immigration from the Euro area will be extremely restricted.


The Migration Advisory Committee (MAC) is tasked to study the effect of immigration policy and mentioned that employers are highly concerned regarding the impact of tighter restrictions towards their businesses. There are various companies stated that the committee has left with no choice but to hire employees from Europe.


Employers from the United Kingdom hired European laborers due to their skills in terms of the native workforce as stated in the report. Also, European workers are known to be flexible, reliable and inclined to perform work that seems dreary to Brits.


The membership within the European bloc means that laborers from the union are able to work in Britain. However, Prime Minister Theresa May pledged to lessen the number of immigrants coming to the UK following the Brexit vote on a major issue regarding immigration.


Industries that mainly depend on foreign workers are agriculture, healthcare, and hospitality. There are several companies that are compelled to move away in order to gain access EU labor free from any restrictions and other businesses tend to leave the industry, according to MAC.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.