Emigration: Financial Services and Health Services

(asked on 21st January 2026) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the implications for the UK economy of people employed in the (1) medical, and (2) financial, sectors migrating out of the UK.


Answered by
Lord Livermore Portrait
Lord Livermore
Financial Secretary (HM Treasury)
This question was answered on 4th February 2026

The government recognises the importance of international talent to key growth sectors and is therefore sending a clear and confident signal: that we welcome the world’s best minds to help us drive our Industrial Strategy and wider growth mission, and that they will find the environment, support and opportunities they need to thrive here.

The government will publish an NHS 10 Year Workforce Plan in the Spring. This will set out plans to ensure there is a sustainable medical workforce, as well how we will act on retention, productivity, training and attrition with the ambition to reduce international recruitment to less than 10% by 2035.

The government also set out its plans to attract the right talent and develop the right skills for the financial services sector as part of the Financial Services Growth and Competitiveness Strategy, published in July 2025 at Mansion House.

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