UK chancellor Rishi Sunak is preparing to inveil a fast-track fintech visa to attract top tech talent to post-Brexit Britain.
The Sunday Telegraph reported that Sunak is keen to ensure that the UK’s £7bn fintech sector maintains its global standing in years to come in his 3 March Budget. The plan is said to be a recommendation from ex-Worldplay chief executive Ron Kalifa in his independent review on how to boost the fintech sector post-Brexit. The move comes as PwC reports that more than half (52%) of financial institutions say they expect to have more gig-based employees over the next three to five years. A recent Oxford University study reveals that about half a million EU citizens left the UK permanently in 2020, with the vast majority coming from London.