City of London worried about access to talent after Brexit.
Photo: Delano archives
International banks in the UK have petitioned for a “special work visa waiver” post-Brexit to “preserve the City of London’s standing as a top global financial centre”, according to an article by Reuters published on 11 May 2018.
The article claims that two separate sources close to Reuters have said, “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 proposal is apparently the core recommendation of a draft report by EY and TheCityUK, the industry-led body representing UK-based financial and related professional services, which are concerned that the City may no longer have access to top talent after Brexit.
The report has been sent to the UK Home Office and Treasury and comment is expected from immigration secretary Caroline Nokes in ten days’ time.