Rishi Sunak, the Chancellor of the Exchequer, announced the new visa system’s introduction. This visa system is particularly applicable to highly educated individuals who work in science, research, technology and finance.
A new fintech visa announced a couple of weeks back, and this new system is an extension to the same. This new system aims to attract more talented and highly skilled individuals in the field of science and technology to the UK, which would make the UK a lucrative market for tech and science giants.
The announcement was made on the same day the budget was released, which is on the 3rd of March 2021. The announcement was worded as follows, “new unsponsored points-based visa to attract the best and most promising international talent in science, research and tech, new, improved visa processes for scale-ups and entrepreneurs, and radically simplified bureaucracy for high-skilled visa applications.”
Even though the individuals applying under this new visa system would not require sponsors, they would still have to fulfil the required number of points requested. However, the new visa category has been criticised and has been described as luxurious.
The people have blamed Sunak for not explaining what the 65 billion euros allocated to deal with the ramifications of covid19 will be used for. They believe that new visa schemes ignore the fact that the average men who is also skilled may be required to help the UK out of the dark phase that covid has pushed them into. They believe there should have been a bit more focus on the businesses flailing in the country.
More information can be expected on the same by July 2021, and further changes will be seen in the immigration laws in the coming year.