Brexit news: New report torn as Britain set to win ‘huge brain’ with new policy | Science | New

Cost of living: the public discusses the impact of Brexit

A large number of highly skilled workers, scientists, researchers and academics from outside the UK have applied for jobs in Britain. Today, the UK economy is on the verge of a huge ‘brain gain’ as these great minds pour in from around the world.

According to job site Indeed, there are more foreign workers looking for a job in Britain than domestic workers looking to leave the country.

It comes after interest in the UK from EU-based workers plummeted following the introduction of tougher post-Brexit immigration rules.

But Pawel Adrjan, head of European research at Indeed, said the rules are also attracting more highly skilled foreign workers to Britain.

He said: “Our analysis suggests that non-EU job seekers are likely to be more highly skilled and therefore interested in higher paying jobs, compared to the lower skilled roles that EU workers previously held.

Boris Johnson

Britain set for huge post-Brexit ‘brain gain’ (Image: Getty)

Brexit strategy

UK’s post-Brexit immigration rules would attract more workers from outside the EU (Picture: Express)

“This could be a sign that the government’s post-Brexit immigration policy is working as intended, with new sources of global immigration most benefiting employers hiring for more skilled positions in sectors like IT, engineering and finance.”

This may give less weight to the Resolution Foundation report, which says Brexit has dealt a blow to the openness and competitiveness of the UK economy.

The report, produced in conjunction with the London School of Economics, also claims it will reduce productivity and make the average worker poorer.

According to the report, the UK has seen its openness to trade fall by 8%, which is trade as a share of economic output, since 2019.

Britain also lost market share in three of its biggest non-EU goods import markets in 2021, according to the report.

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Cargo

The UK saw its openness to trade fall by eight percent, (Image: Getty)

These are the markets of the United States, Canada and Japan.

And according to the report, labor productivity will be reduced by 1.3% by the end of the decade, solely because of changes in trade rules due to Brexit.

This, according to the report, will lead to lower wage growth and will see the real wage per worker each year fall by an average of £470 less than it otherwise would have been.

Sophie Hale, senior economist at the Resolution Foundation, said: “Brexit represents the biggest change in Britain’s economic relationship with the rest of the world in half a century.

“This has led many to predict that it will lead to a particularly large drop in exports to the EU and fundamentally reshape the UK economy towards more manufacturing.

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Brexit

Britain also ranked far ahead of the ‘big four’ eurozone economies in 2021 (Image: Getty)

“The first of these did not happen, and the second seems unlikely to. Instead, Brexit had a more diffuse impact by reducing the UK’s competitiveness and openness to trade. with more countries.

“It will end up reducing productivity, as well as the real wages of workers.

But according to Mr. Adrjan, this is far from bad news.

He noted that a “renewed interest from overseas job seekers is encouraging for companies feeling the pressure of labor shortages.”

Iain Duncan blacksmith

Former Tory leader Iain Duncan-Smith co-wrote a separate report on Brexit (Image: Getty)

Britain also ranked far ahead of the “big four” eurozone economies of Germany, France, Italy and Spain in 2021.

The only countries where it lagged Indeed’s index were Luxembourg and Switzerland.

The index measures the difference between incoming and outgoing job searches.

And another report, co-authored by former Tory leader Iain Duncan-Smith, was also more optimistic.

He highlighted the huge opportunities the UK could take advantage of with the right leadership.

“It explains why we joined the EU and why we are struggling to get out of its orbit.

“How different would our view of the world and our role in it be if we saw ourselves as a new and rising force rather than a nation in decline?

He added: “Post-Brexit, Britain needs a confident national mindset that puts aside the myth of declinism and recognizes that the country has enormous strengths, including the fact that it is held in high esteem throughout the world.”



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