1/19/2024 0 Comments London global city brexitHigh childcare costs mean that London has lower rates of employment for women with children, while national apprenticeship and skills programmes are not offering Londoners the skills they need for London’s growth sectors. Unemployment rates are as low as they have ever been, but more could be done to help Londoners into work. The vote to leave the EU makes it more important than ever that we ensure Londoners have the skills they need to thrive. Losing access to talent from across the EU would drain London’s businesses and its universities, but could also impair London’s character – as an open and welcoming city. There are twice as many EU workers in London’s workforce compared to the rest of the UK, and proportions of students are similar. The capital is much more reliant on European workers than other areas of the country, with EU citizens working at all skills levels and in all sectors. Devolved skills and regionally managed migration to retain talent In the longer term, to maintain competitiveness from outside the EU, London needs new powers over taxation to meet its housing and infrastructure needs, and to better manage its property market – a better city. In the short term, London needs continuing access to domestic, European and global talent, and the terms of trade that enable prosperity – a better Brexit. ![]() Addressing these challenges – and the opportunities that Brexit could offer – in the upcoming negotiations, and in domestic devolution, will be essential to ensuring a prosperous future for the UK. ![]() It presents big challenges to the capital – challenges that are different both in degree and in character from those posed for the rest of the UK. Brexit is the biggest event in London’s history for a generation, perhaps since the Second World War.
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