The effects of post-Brexit UK immigration laws on the economy

The impact of the new post Brexit immigration laws on the UK economy is yet to be fully felt. This has led to an influx of people seeking immigration advice Immigration lawyers As of January 2021 there are now stricter rules. In the coming years we will begin to see the trends and impact of the new UK immigration laws on the UK economy, the number and impact of EU and non-EU immigration. In areas of life such as wages, education, and overall levels of labor productivity.

New immigration laws

In the year Following the result of the Brexit referendum in 2016, new immigration laws came into force and there are more restrictions on migrants from the EU who want to come to the UK. European Economic Area. This was when the UK-EU Trade and Cooperation Agreement came into force.

Stable condition – Any resident in the UK from the EU or Switzerland has the right to stay indefinitely. By the end of March 2022, there were 6.5 million applications.

Special conditions – The new system will apply to anyone traveling to the UK for work, study or family reasons. An exception to this rule is for Irish citizens.

hong kong – There is speculation that the number of British overseas passport holders traveling to the UK from Hong Kong may rise due to the situation in Hong Kong and its relationship with China.

The special conditions of the new rules are as follows

· A skilled worker visa is available for applicants to the UK to work in a profession earning more than £25,600 or the lower fourth quarter of the average wage or equivalent to an A-level.

· There is a minimum wage threshold of up to £20,000 if a sector has a shortage of workers.

· There is a minimum salary threshold for studying in the UK – especially for PhDs in science, maths, technology and similar fields.

· International students have the right to stay in the UK for up to two years after graduation.

The economic effects of post-Brexit immigration

Migration figures were studied from the early 2000s until 2016, when the first indication of the impact of Covid-19 was between the opening of the labor market and migration from EU countries to the UK and the Brexit referendum. As the pandemic has already had an impact on travel and wider economies, although things are now moving in a ‘traditional’ way, and we are starting to see the real impact of Brexit on migrants. and the UK economy in the coming years.

Stricter immigration laws are thought to have little effect on GDP, although the higher the number of immigrant workers, the more productive workers are generally, as evidenced by rising ranks among native-born workers. In addition to stimulating entrepreneurship, migrants generally pay more for public services and indirect taxes. The impact of immigration is generally positive, so could we see a long-term negative impact on the UK economy as we see fewer migrants coming to the UK to work and study?

Impact on wages

One of the main ideas behind tightening immigration laws in the UK is to bring high-paid migrants back to a state where they are more desirable to the economy, while low-paid migrants move to the UK and have lower wages. Native low-skilled workers. This has worked in some cases to attract high-paid immigrants, but has led to shortages in relatively low-paid jobs such as hospitality. This does not seem to have had a significant impact on relative wages so far.

Impact on education

The new immigration laws in the UK are likely to have a continuing impact on the university and the wider economy. The graduate Visa It makes the UK more attractive to non-EU migrants, and we continue to see students from India, Nigeria, China and other countries. Paradoxically, the state of the economy, standard of living, and domestic tuition fees for universities make them more attractive to UK and EU students than ever before. This means that it may indicate a short-term positive impact on the UK economy due to international student fees, but a long-term negative impact on the economy due to a reduction in UK graduate students.

Understanding the impact of the new UK immigration laws and seeking UK immigration advice can help you understand the consequences for a migrant who wants to move to the UK for any reason. Better advice from legal professionals will improve your chances of getting the application process right, minimizing delays and keeping up with potential legal changes during your application.