DAVID Cameron yesterday said that inter-company transfers would likely be excluded from government plans to cap the number of economic migrants entering the UK from outside the EU.
City firms have been calling on the government to exempt transfers within companies, which they say would hinder their ability to compete internationally.
Yesterday, the Prime Minister said: “We will try and exempt many of the inter-company transfers from the immigration system.”
A temporary cap is in place but an announcement is expected next week on permanent measures from next April.
Baroness Jo Valentine, the chief executive of City lobby group London First said: “It’s good news for the economy that government listened to business and excluded international moves within companies from the cap.
“We now need to see whether the cap is made flexible enough to enable companies to bring in other highly skilled specialists they need.”