Brexit and the labour market
Read our submission to the House of Lords Select Committee on Economic Affairs
The House of Lords’ Economic Affairs Committee opened an inquiry earlier this year into the impact of Brexit on the UK Labour Market.
The scope of the inquiry examines the impact that a reduction in net migration would have on businesses and employees, covering both EU and non-EU migrants.
The CIPD’s response focuses on the potential impact of a reduction in the supply of EU migrants, the impact on wages of controls on migrants, the case for a regional immigration policy and the potential for an extension of existing controls on EU migrants.
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The key inhibitors of wage growth include affordability, public sector pay restraint and added costs such as the National Living Wage