News24
22 Feb 2021, 00:40 GMT+10
UK Chancellor Rishi Sunak plans to introduce new visas for financial technology workers in next month's budget, part of a package of proposals in a report aimed at boosting the industry in the country, according to newspapers.
The fast-track visa program is designed to lure global talent to Britain's fintech companies and will mirror a similar policy for scientists, the Telegraph reported. It's one of five pillars contained in a Treasury-commissioned report by former Worldpay Inc. CEO Ron Kalifa that's due to be delivered to Sunak as soon as this week, the Sunday Times said.
The Treasury has been examining options to spur the development of Britain's financial technology industry after Brexit as the City of London faces a growing challenge from European Union rivals. London tops European rankings for such companies, according to an index compiled by real estate broker Savills Plc.
Kalifa's report will also propose 10 fintech clusters around the UK to act as hubs for innovation, the Sunday Times said. Planned locations for the clusters, which are designed to ensure the industry is not solely concentrated on London, include the corridor between Edinburgh and Glasgow, and Wales. They could receive funds from so-called local enterprise partnerships that link businesses with local authorities, the newspaper said.
Other proposed measures include digital training, a 1 billion-pound ($1.4 billion) fund for start-ups and reforms to listing rules on the London Stock Exchange.
Get a daily dose of Nigeria Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nigeria Sun.
More InformationWASHINGTON, DC - The White House press secretary has told reporters it is not certain whether the United States will ...
NEW YORK, New York - Experts are searching for an answer as to what caused the flu to virtually disappear ...
A triad of intersecting world-wide pandemics simultaneously threatening humanity today are the end results of its own insatiable greedy human ...
LOS ANGELES, California: California has now recorded over 50,000 deaths from COVID-19, representing more than ten percent of the total ...
AUSTIN, Texas: Texas lawmakers have begun hearings into the causes of the enormous power outages that plagued Texas residents at ...
WASHINGTON DC: - Career foreign service diplomat Linda Thomas-Greenfield was approved to become U.S. ambassador to the United Nations this ...
Somali officials on Saturday issued the country's first license to a mobile money service, bringing regulation to the widely used ...
SAN JOSE, Antique, Feb. 27 (PIA) -- The Provincial African Swine Fever (ASF) Crisis Management Task Force is strictly monitoring ...
GABORONE, BOTSWANA - Botswana, which saw COVID-19 deaths surpass 300 this week, has lifted a ban on alcohol sales and ...
The Passenger Rail Agency (Prasa) of South Africa has not had a permanet CEO since the departure of Lucky Montana ...
The body of a surfskier was found adrift, offshore of Cape Town, after he was reported to be overdue from ...
The Cheetahs upset the apple cart when they defeated the Stormers in the Cape franchise's first home match at Cape ...