The UK jobs market is performing "incredibly well" but without a more flexible visa system the economy will be held back, according to a leading figurehead of Britain's recruitment industry.

The comments come as the Conservative Party attempts to reduce annual net migration levels down to "tens of thousands" by 2015.

The coalition government partner has capped the number of people employers are allowed to bring to the UK from outside the European Union (EU) to work in skilled professions.

But Kevin Green, the chief executive of the Recruitment and Employment Confederation (REC), told IBTimes UK that in "in reality" employers want a more flexible system.

"You want a global labour market, you want businesses to be able to find the skills they need – otherwise we are going to constrain growth and we are going to limit the success of our companies," he said.

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George Osborne