Post-Brexit backlogs, increased costs, and complex rules are hampering UK businesses seeking to bring in overseas talent for short-term projects and training, according to TheCityUK.
The financial and related professional services industry is calling for reforms to the UK’s short-term business mobility rules, specifically Intra-Corporate Transferees (ICT), to allow firms in the UK to bring over existing overseas employees for short-term productive activity without needing a work visa.
In a new paper, ‘How to strengthen the UK’s short term mobility system,’ TheCityUK, building on previous work, argues that access to talent, homegrown and international, is crucial to unlocking new areas of innovation. The paper sets out how the current system is limiting firms’ ability to leverage their global talent networks to support export opportunities and innovation and hampering wider UK plans to become an attractive hub for highly-skilled international talent.
This blog from our Managing Director, Public Affairs, Policy and Research, John Godfrey, offers an overview of the strategy and how the industry, regulators and government can work together to deliver its ambitions and wider economic growth.