The UK is among those countries hit hardest by the global talent shortage. The problem has been exacerbated by Brexit, which brought an end to the freedom of movement of people between Britain and the European Union.
Traditionally, the UK has relied heavily on migrant workers from across Europe to carry out jobs such as nursing and fruit picking. But since Brexit came into force on January 1, 2021, employers have had to look elsewhere for solutions.
It is becoming increasingly clear that the UK and the EU must strike a post-Brexit mutual free movement of people agreement if they are both to economically thrive over the next decade and beyond, affirms one of the world’s largest independent financial advisory, asset management and fintech organisations.
This is the call-to-action assessment from James Green, deVere Group’s Investment Director, as Nigel Farage, one of the biggest, highest-profile advocates of Britain’s departure from the European Union, believes “Brexit has failed.”
It also follows British Home Secretary Suella Braverman addressing labour market shortages in industries such as horticulture in a speech this week, while many senior Conservatives now believe more immigration is needed to boost economic growth.
Vilnius, the Capital of Lithuania, has placed second among the top Mid-Sized European Cities of the Future by the fDi Intelligence ranking. The city’s strategy to attract foreign investments was also recognized as the best in the category, reflecting the capital’s consistent efforts in fostering a business-conducive environment.
February 17, 2022. Vilnius has secured the second spot among the Mid-Sized European Cities of the Future category in the European Cities and Regions of the Future ranking by fDi Intelligence, a specialist division of the Financial Times. Additionally, the city’s strategy was named the best in the category for the first time, allowing the city to climb higher in other sub-categories compared to results from 2020, demonstrating consistent growth.
A moment of calm has descended on financial markets with the prospect of a summit to address the escalating Ukraine situation offering some relief to investors with the FTSE 100 edging up in early trade. The US markets are closed due to President’s Day in the US, but it’s the actions of Presidents in the US, France and Russia which seem set to determine sentiment among investors in the days to come.
Stock markets are likely to stabilise in the coming weeks and investors should be seeking to build their wealth now with currently undervalued equities, affirms the CEO of a global game-changing financial advisory, asset management and fintech organisation.
The comments from Nigel Green, chief executive and founder of deVere Group, which has $12bn under advice, come after most major markets have experienced two consecutive weeks of turbulence.
“Attempts to pump up the price of Bitcoin to celebrate its adoption as legal tender in El Salvador have fallen flat with the cryptocurrency deflating in value slightly over the past 24 hours.
Banking Circle, the cross border payments expert, has identified an issue affecting some financial institutions handling cross border transactions from the UK to the EU. It seems Brexit has caused a number of EU banks to increase their fees for receipt of SEPA local payments in EUR from GB IBANs.
