According to BBC reports, shadow minister Damian Green has said the party would keep the Government's points-based migration system but place an overall annual limit on numbers. And it would cut low-skilled migration but push for more high-grade workers.
Speaking at a fringe meeting at the Conservative Party Conference in Manchester, Green said: "We want to attract more than our fair share of the brightest and the best."
Green suggested the introduction of an immigration system similar to that of Australia, which sets targets for highly qualified migration.
He added that Britain was a "global trading nation" and it was vital for future prosperity to attract more entrepreneurs and highly-qualified graduates to the UK to rival economies such as Japan or the US.
