Foreigners working in the UK have been shown to generate an estimated £210bn each year for the British economy as well as 15% of all the country´s output.
The research report from Lloyds Bank says that these skilled workers are now not only a prime driver of the UK economy but also that they are outperforming their counterparts who were born in the UK.
Referring to these people as “inpats”, the report says that their numbers have doubled from 7.3% of the total number of workers in 1997 to 15% this year. The number of foreign workers has grown from 2.6m in 2004 to 4.6m today.
The greatest majority are from the US and 75% of them were found to be engaged in such managerial, technical and professional work as engineering, IT, research laboratories.
This compares with 34% of Canadian and 29% of French workers engaged in professional jobs.
American workers were the most qualified, according to the report, with more than 50% having gained some university education. Only 26% of people born in Britain had attended university, which Lloyds Bank said was lower than the average share of inward talent from the EU.
Comments
Which reminds ourselves how much help the 100,000+ Portuguese gets to open a business in the UK and so build UK's GDP. And the non existent help Brits get here.
How about ..... The countless cafés, restaurants and bars in Stockwell, otherwise known as Little Portugal, will be the focal point for most of the action....
http://en.wikipedia.org/wiki/Portuguese_in_the_United_Kingdom
Not sure where duckchip is in London (a Little Portugueser in Stockwell?) or how skilled, if at all, and how much time he spends looking out of the window but he is no doubt extremely proud to be in the UK ... and to have a window?
We however are struggling to find a Portuguese who will fix one of our windows - the shutters vandalised after an attempted break in, as we look out - through it at the arid Algarvian hills and lonely shepherds and their flocks.
The article then refers to the great contributions from people coming from America, Canada & France.
A quick look from my window in London doesn't reveal any of those. The people who are in the majority in my London borough are Asians, Poles & Romanians - mostly unskilled and many unemployed.