The London city is pressing the government for a new ‘digital skills visa’ to improve the position of Britain as a financial technology hub, as other cities in Europe vie for the same.
This idea is one among many proposals in a report prepared by PwC for TheCityUK lobby group. It emphasises on how final sector services sector of the UK can retain its competitive advantage even after Brexit. According to the report, younger people with crucial digital skills should be welcomed to the United Kingdom even if they have no job offers. Britain is said to have become a nursery of ‘financial technology’ innovation and investment. This position could be challenged, as the anti-immigration policy of the present dispensation could dissuade start-ups from recruiting the most talented workers from all over the world.