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







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