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26 September 2022
Categories: Legal News , Immigration & asylum
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LNB NEWS: Growth Plan 2022—key Immigration announcements

The Chancellor of the Exchequer, Kwasi Kwarteng, delivered an emergency budget on 23 September 2022, entitled the ‘Growth Plan 2022’. Among a raft of measures intended to ease the burden of increasing energy costs and the cost of living crisis, the Growth Plan includes an announcement on migration. 

Lexis®Library update: Gillian Mckearney, Senior Associate at Fieldfisher has commented on the measures announced and the impact on immigration practitioners.

The government has highlighted the importance of migration to economic growth, productivity and innovation and has committed to ensuring the immigration system works for business. The government has announced that it will set out a plan for ensuring the immigration system ‘supports growth whilst maintaining control’ in the coming weeks.

Gillian McKearney of Fieldfisher has commented that:

‘The Chancellor's Growth Plan is heavy on tax cuts and limiting regulation to make the UK a more attractive place for businesses to invest and drive growth.

He indicates that there will be reforms to immigration measures announced in the coming weeks; however the Plan fails to address the impact of severe skills shortages to industry.

Each of the sectors which the Chancellor plans to grow including finance, construction, tech and life sciences are facing skills shortages and there is as yet no mention of easing immigration restrictions or of viable alternatives to ease the skills gaps. In light of this, any plans for growth will be severely hindered.

We will wait to see if the Government provides any further clarification in the coming weeks on the key role of staffing and immigration in the growth of the UK economy.'

Source: The Growth Plan 2022: documents

Written by Nathaniel Mark Perera

This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 23 September 2022 and is published with permission. Further information can be found at: www.lexisnexis.co.uk

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