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

Apple takes up to develop Apple Watch for health monitoring

Hyperloop is growing in Europe

Analysts: US gamers prefer mobile games

Google Assistant Winner Of Head-To-Head Test Of Digital Assistants, Beats Siri And Alexa

Animals Can Burn Muscle To Supplement Body Water Needs, Finds A Study

The future of private flights at Farnborough air show

Experts Want To Fix Problem Of AI Hurting People Of Color And The Poor

New Study Claims Astrobiologists Locating Possible Life On Moon In Its Life Time

Wreck Of Russian Ship Rumoured To Have 5,500 Boxes Of Gold Found Near South Korean Island

Gene Editing of Human Embryo Could Find ‘Moral’ Grounds: UK’s Ethics Council

World Politics

World & Politics

Venezuela comes up with a new monetary reform

Paris is losing its icon public bicycle sharing system

Heat wave in Europe creates problems for brewers

Is it legal to print a gun? US is discussing 3D printing of firearms

Southeast Asian Leaders To Seek Clarity Of US Policies For The Region Form Pompeo

The world economy is accumulating environmental debt

US To Invest $113 Million In Asia To Counter Chinese Influence

US Intelligence Detects New Activity At Its Missile ICBM Factory: Reports