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International talent gives British graduates stiff competition
Friday, 28 September 2007
Life after graduation
An influx of top international graduates is helping UK business thrive and giving British talent stiff competition, experts claim.
Financial firm Nigel Lynn has suggested that business and management graduates from commonwealth countries such as Australia, New Zealand and South Africa and boosting the economy, reports onrec.com
Steve Carter, managing director of Nigel Lynn, told the publication: "London has now overtaken New York as the number one global finance centre, attracting many highly skilled workers to the UK.
"We have to accept that we live in a global market and although Brits may be lost to other countries, the UK has benefited greatly from the expertise of inbound talent"
He continued: "Several hundred thousand international professionals arrive in London each year and many stay permanently. The UK may have a perceived 'brain drain' but in truth the economy is richer for the diversity it possesses."
According to the Office for National Statistics, more than 350,000 people migrate from Britain every year.