The UK government has announced a £3 billion investment aimed at creating 120,000 new training places in sectors like construction, healthcare, engineering, and digital technology. The goal is to tackle workforce shortages and reduce dependence on migrant labour.
The move follows increased political pressure to curb immigration, especially after the rise of the anti-immigration Reform UK party in local elections. Prime Minister Keir Starmer has declared the era of open borders “over,” with the government also planning tighter visa and citizenship rules.
Alongside the training expansion, a planned 32% increase in the immigration skills charge will be used to fund up to 45,000 additional training places. While businesses have warned that tougher immigration rules could hurt the economy, ministers say the investment will help develop local talent to meet demand.
This article was written by Eamonn Sheridan at www.forexlive.com.
