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High skilled does not mean high paid

BBC Radio 5 Live

Wake Up To Money

hospital workers in blue uniforms
Getty Images

The next prime minister should lower the salary threshold for foreign workers in the UK from £30,000 to £20,000, according to a group of business and education bodies.

They say that such a move would help to avoid "acute" skills shortages.

Currently any non-EU citizen working in the UK must earn at least £30,000, but under current proposals this will be extended to EU citizens after Brexit.

Jasmine Whitbread, chief executive of London First, told Radio 5 Live's Wake Up To Money: "The problem is we are conflating highly skilled with highly paid".

She says 60% of all jobs in the UK are earning less than £30,000 and with unemployment at its lowest level since 1974 so we "need to ensure we avoid a cliff edge".

Dollar parity for no-deal sterling

BBC Radio 5 Live

Wake Up To Money

sterling chart

Sterling fell to two year low on Tuesday, to just below $1.24.

Laura Foll, a fund manager at Janus Henderson Investors, told Wake Up To Money the moves in the currency have been sparked by Brexit and the Conservative leadership campaign.

Virgin boss Sir Richard Branson has previously told the BBC the pound could fall to parity against the dollar if there is a no-deal Brexit and Ms Foll said "that's quite a common perception".

"If Brexit were to go away we would probably go back to our long-term average verses the dollar which is about $1.50," she said.

But when analysts think about what could happen in a no-deal scenario "they tend to talk about parity”.

New legal definition of domestic abuse

Domestic abuse bill introduced in Commons
New legislation that creates - for the first time - a wide-ranging legal definition of domestic abuse has started its journey through Parliament.  

What's being described as the "landmark" Domestic Abuse Bill was welcomed by MPs of all parties.

But there were questions about whether the next Prime Minister would be fully committed to it. 

Kristiina Cooper reports. 

You can hear more from Today in Parliament at 11.30pm on Radio 4.