Daily Management Review

Britain’s Finance Industry Urges The Government For A ‘Special Work Visa’ Post Brexit To Preserve The Global Financial Capital’s Importance


05/18/2018


With the concerned brows the finance industry of Britain looks forward to shape the immigration scenario for working staff.



Britain’s global banks are going to call for a “special work visa” for being effective after the official exit Britain from the block. This step is being taken to ensure that London preserves its “top global financial” position, reported “two industry sources”, whereby initiating a move “more generous than the current arrangements”.
 
Keeping the industry’s demand in mind, the new arrangement will allow the “international staff” who get posted to London for a period of “less than six months” time will not require the “work visa”. TheCityUK presented the proposal as a draft report’s “core recommendation”, whereby promoting “Britain’s financial services sector, and consultants EY”.
 
The “Home Office and Treasury” have received the draft report which happens to be the “most detailed request”, so far, made by the finance industry of Britain to the government, in an attempt to shape the “immigration policy” scenario in the country post Brexit.
 
The City of London houses “foreign exchange, bonds and fund management operations” from all over the world, while its executives showed concern over the immigration chain being severed pointing at the fact that it may “hamper their ability to find staff with the right skills”. The formal announcement of the document is likely to take place very soon.
 
References:
reuters.com







Science & Technology

Study: Machine learning is five times more harmful for the environment than a car

Would Singapore Be The First One To Bring Lab Grown Shrimps To The Global Market?

Apple Patents A ‘Foldable Screen’ For Creating Foldable iPhones

Research Shows Air Pollution Causing Birth Defects

Microsoft tells about operating system of the future

Study: Third of US kids wake up at night to check their smartphones

Deepfake AI Technology Used By Researchers To Bring Mona Lisa ‘To Life'

China is developing technology to capture greenhouse gases

IEA: The growth of renewable energy is slowing

Google introduces new smartphone and beta Android Q

World Politics

World & Politics

Iranian Foreign Minister urges other countries to abandon the dollar

The EC recommends starting penalty procedure against Italy

European Breweries To Up Their Brewing Innovation Amid Green Legislations

‘Frequent’ Shootings Causes China To Issue Travel Advisory Against US To Its Citizens

Facebook’s appeal to stop ECJ data case rejected in Irish Supreme Court

Trump: Japan to buy 105 F-35 fighters from the USA

Theresa May to resign on June 7

The Earth Is ‘Not On Track’ To Tackle Global Warming: The U.N. Secretary General