Faisal IslamEconomics editor and
Tabby Wilson
Rachel Reeves has pushed for an “ambitious” youth migration deal with the EU in a bid to improve the outlook of the public finances ahead of the autumn Budget.
The chancellor told the Times an exchange scheme for young workers would be “good for the economy, good for growth and good for business”.
The UK agreed to work towards a “youth experience visa” with the EU in May this year but the specifics of the scheme are still being negotiated.
Reeves also called for the Office of Budget Responsibility (OBR) to factor the potential economic impact of such a scheme into its forecasts ahead of the Budget, which she hopes will reduce the need for spending cuts or tax rises.
The proposal has previously been criticised by the Conservatives and Reform UK, who have said it amounts to a partial return to freedom of movement, which ended when the UK left the EU.
Such a scheme could mean those aged 18-30 could stay for two or three years, but the details are to be negotiated.
In an interview with the Times ahead of the Labour Par
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