Ontelly

Wake Up to Money - 28/06/2010

Logo for Wake Up to Money - 28/06/2010

News and views from the business world with Jeremy Naylor and Dominic Laurie. The Home Secretary Theresa May will announce a temporary immigration cap for the first time today. The nine month temporary limit will allow just 24,000 migrant workers from outside the EU into the UK. Business leaders are worried that any sort of limit could lead to a skills shortage and impact economic recovery. We speak to Steve Moxon, former Home Office whistle-blower who exposed failures to apply immigration rules, and author of The Great Immigration Scandal, and Sarah Mulley, senior research fellow at the think tank, the Institute for Public Policy Research. Leaders at the G20 summit in Canada have unveiled plans for banks to improve both the quantity and quality of the capital they hold. We ask Dr Dominic Swords, business economist at Henley Business School, if there is now an explicit commitment to agree new minimum levels of capital for banks. The government is launching a scheme to encourage its own civil servants to spend a week working with small businesses. We speak to Mark Prisk, the minister with responsibility for small businesses and enterprise, who is taking part. The Chartered Institute of Personnel and Development says doing work experience for free is wrong, and that employers should pay a "training wage" of £2.50 an hour to avoid students and other enthusiastic workers being taken advantage of. We ask Tom Richmond, a skills advisor at the CIPD, to tell us why working for free is wrong.