The Interim Population Policy - How does this Affect Business?
Friday 31 January 09:32
The Population office have now released an interim policy which has a potentially huge affect on the fragile but recovering economy and longer term on the ability of the Island to support an aging population.
Here is Chamber's view:
It's not so much about the number of people as the skills they have. By focusing the debate on this number of 325, it means we're not talking about the real issues, which are how to manage the obvious changes to the Island caused by a growing population - and grow it must if we are to support an aging population.
Chamber fully appreciates how tough a problem this is, with strong views on all sides; but implementing a figure of 325 net immigration a year is a little over half the average annual number from across the last few years.
Are we really saying we can grow our financial services sector, build a new digital sector, employ the doctors, nurses and teachers we need....and still have enough room in that quota for the needs of construction, tourism, hospitality and retail - and we can do all that by halving the net annual immigration number achieved through the deepest recession in living memory?
Chamber will be consulting its members on whether that can be achieved, and reporting back to the Population Office.