Companies may find it difficult to fill finance jobs as a result of the government's proposed cap on migrant workers from outside of the European Union, it has been warned.
The Recruitment and Employment Confederation has expressed concerns over the cap, responding to a report from the Chartered Institute of Personnel and Development (CIPD) and KPMG, which indicated that firms are struggling to find skilled candidates for finance jobs.
Kevin Green, chief executive of the organisation, said that the skills cap will subsequently make it "very difficult" for private sector companies to grow at a fast enough rate to kick-start the UK jobs market.
He said: "The government should therefore reconsider its plan to put an artificial cap on immigration while legitimate demand exists.
"The huge imminent public sector cuts will put more pressure on private businesses to create employment opportunities."
Mr Green's comments were made after the CIPD/KPMG report showed that 45 per cent of 600 employers are not finding enough suitable candidates for finance, accounting, engineering and IT jobs.
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