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16th Aug 2023 20:09U.K., Daily Monitor

  • Immigration accounted for nearly all of the 0.9% y/y rise in the workforce in Q2; it will remain strong.
  • The salary threshold for a Skilled Work Visa rose by just 2% in April; well below the 8% increase in overall wages.
  • The cost of hiring an overseas construction worker has plunged, now that most roles are on the shortage list.

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Keywords for: 18 August 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence