Rolling coverage of the second day of the World Economic Forum in Davos

Rachel Reeves has also revealed ministers want to increase higher skilled migration by creating with more visas for people working in AI and life sciences:

She told attendees at Davos that the government will publish an immigration white paper later this year.

“He recognised that this government has got a different strategic approach when it comes to regulation, and he recognised it was time for him to move on and make way for somebody who does share the mission and the strategic direction that this government are taking.”