During a recent meeting of the Treasury Select Committee, Lord Stuart Rose––chairman of the Britain Stronger in Europe campaign––was asked by Labour MP Wes Streeting:
If free movement were to end following Brexit, is it not reasonable to suppose that we could see increases in wages for low skilled workers in the UK just off the back of the economic impact of free movement on wages?
His reply was:
Well, if you're short of labour the price will frankly go up. So yes, but that's not necessarily a good thing.
A clip of the exchange is available via the Daily Express.