UK Tightens Visa Rules for Skilled Workers, Impacting Tech and Finance

The UK government is introducing stricter visa requirements for skilled workers, potentially impacting crucial sectors like technology and finance. The minimum salary threshold for Skilled Worker visas has been significantly raised to £38,700 – a 47.7% increase – and the removal of salary discounts for certain shortage occupations further adds to the impact. This change aligns with the government’s effort to control immigration numbers following Brexit and prioritize local workforce development. The new rules are expected to create challenges for industries relying on global talent, such as technology and finance. The Home Office anticipates that this policy will attract highly skilled professionals while potentially reducing overall immigration levels. This shift in visa requirements could significantly reshape the UK’s workforce landscape and influence the attractiveness of the country as a destination for talented individuals.