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Banks to call for special UK visa waiver for workers after Brexit: sources

The industry is demanding a new arrangement where international staff posted to Britain for less than six months will be able to come and go freely without having to apply for a work visa

Reuters  |  London 

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Global in Britain are calling for a special work visa waiver after to preserve the City of London's standing as a top global financial centre, two industry sources said, a move that would be more generous than the current arrangements.

The industry is demanding a new arrangement where international staff posted to Britain for less than six months will be able to come and go freely without having to apply for a work visa before they travel, the sources said.

The proposal is a core recommendation in a draft report by TheCityUK, which promotes Britain's financial services sector, and consultants EY, the sources said.

The report has been shared with the and Treasury and is the most detailed request yet by Britain's industry to the government about how it wants immigration policy to look like after

Executives in the City of London, home to global foreign exchange, bonds and fund management operations and to more than any other financial centre, have expressed concern that a crackdown on immigration after may hamper their ability to find staff with the right skills.

The document is due to be formally announced in ten days time at an event where the is due to give a keynote speech.

 

 

First Published: Fri, May 11 2018. 17:50 IST
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