The UK's recent tightening of visa rules is expected to cost the economy up to £10.8 billion, according to analysis by the Financial Times. The restrictions limit the number of workers employers can bring in from abroad and raise salary thresholds, making it harder for companies to fill skilled positions.
Immigration & Visas
UK's tighter visa rules could cost the economy up to £10.8 billion
New immigration restrictions are projected to shrink the UK economy significantly, affecting businesses and workers planning moves to Britain.
New immigration restrictions are projected to shrink the UK economy significantly, affecting businesses and workers planning moves to Britain.
If you're considering a move to the UK for work, understand that employers now face stricter caps on visa sponsorship and higher minimum salary requirements. This means fewer visa slots available and stiffer competition for the positions that do exist. The economic impact suggests the government may face pressure to adjust these rules, but for now, plan on longer timelines and more selective hiring from UK employers.
Source: original report ↗
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