Business Standard

Britain considers tough curbs on EU migration

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Britain is considerin­g measures to restrict immigratio­n for all but the highest-skilled EU workers, a leaked government document said, plans some companies called alarming and an opposition lawmaker described as “plainly cruel”. Large flows of migrants from the European Union were one of the reasons some Britons said they voted to leave the bloc in a referendum last year, with one of the Brexit campaign’s main slogans saying Britain should “take back control”. But companies, especially those in the catering, social care and retail industries which depend on the steady stream of workers from abroad, say they fear a restrictiv­e immigratio­n policy after Britain leaves the EU will leave them unable to hire the staff they need. REUTERS< Wang Jianlin ( pictured)- led Dalian Wanda Group delayed a 10-billion-yuan ($1.5 billion) share-sale plan for its internet unit amid mounting scrutiny from the Chinese government, a person familiar with the matter said. The series A fundraisin­g, an early round of investment, for closely held Wanda Internet Technology Group will be pushed back until at least early next year, the person said, asking not to be identified discussing private informatio­n. Billionair­e Chairman Wang Jianlin said in January that the business would begin raising funds during the third quarter. Wanda Internet declined to comment.

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