24 hours ago, the United Kingdom released their Policy paper on the future skills-based immigration system.
Directly from their site: “The future skills-based immigration system white paper sets out the government's plans to introduce a new single immigration system, ending free movement.”
Here are some thoughts on it, and how it can affect UK tech companies looking to hire talent in the future.
I think here the end result is clear: London will maintain their #1 position as Europe’s top tech city, but will slowly fade away as some countries (France?) get smarter about immigration.
Migration will occur, but it will be highly skilled jobs that migrate OUT rather than highly skilled workers migrating IN. EU tech professionals will rule out London as option, and move torwards Berlin, Paris or Amsterdam. This means less skills for the UK, less tax for Treasury, less consumption for the economy and less competitive startups.