immigration
Latest News Regtech

Innovate Finance Responds to the Release of the UK Government’s Immigration White Paper

Charlotte Crosswell, CEO of Innovate Finance has commented on the government’s new Immigration White Paper:

“Today’s Immigration White Paper is another important milestone as we continue to push for clarity on post-Brexit arrangements.

Access to a global talent pool is vital to keep pace with UK FinTech’s growth potential.  Four in ten employees in this thriving sector currently come from overseas, complementing national capabilities as the UK continues longer-term efforts to strengthen the domestic pipeline in digital and technological skills.

The abolition of the Tier 2 cap is overdue and welcome.  Innovate Finance has long called for the cap’s removal and supported the Migration Advisory Committee’s recommendation to do so.  We believe this makes complete economic sense.

Innovate Finance will feed into the consultation on minimal salary levels for those overseas workers entering the UK and will continue to represent FinTech views on the Home Office Employers Panel. We believe that the current cap at £30,000 is potentially harmful to the UK economy as a whole and may discourage talent from entering the market.

We must ensure that UK FinTech has the ability to recruit for all essential roles across the whole UK, ensuring that our economy remains open to those who demonstrate significant future potential in the early stages of their careers.”

Author

Related posts

Global Identity Verification Helps Mitigate Money Laundering and Fraud in Two of the World’s Fastest Growing Markets

Jason Williams

New fintech innovation from the Nordics

Manisha Patel

PaySend Reaches 500,000 Customers Milestone, Adds Transfers to Bank Accounts

Jason Williams