Finance Monthly - November 2021 Edition

Finance Monthly. Bus i ne s s & Economy 37 here are several downsides to this arrangement for businesses. Firstly, this will increase their recruitment costs as visas are not cheap; secondly, obtaining work visas can also be time-consuming and delay the hiring of talent. The reality is that the business immigration system needs an overhaul. Business immigration is a benefit to the UK and should not be confused with social immigration which is entirely different. Our immigration should not be governed by policies issued by the current government but, rather, based on the needs of businesses. To ensure the UK remains one of the leaders in technology and development, we need to encourage the best global talent to come to the UK with a cutting- edge approach to gain talent and investors. In order to do that we have to have an adaptable immigration system that welcomes talent, decent businesses and the workforce we need. It’s also imperative, in my opinion, that we let students come to the UK to study and work after they have completed their degrees. We have just allowed this again but only for 12 months! Not long enough in my view but it is a start…