The proposed increase in the minimum income requirement for UK work visas to £38,700 has sparked concern among business leaders, particularly in London. According to sources within the business community, the potential rise could significantly impact firms across various sectors.
The proposed change, which would affect all work visas, has generated debate about its potential consequences. While proponents argue the increase could help to manage immigration, critics suggest it could hinder companies’ ability to recruit skilled workers.
Industry figures express worries that the higher income threshold would make it more difficult for businesses to attract and retain talent, particularly in sectors facing existing skills shortages. The implications for international recruitment and the overall competitiveness of the UK economy are therefore being closely examined.
Further discussion is needed regarding the potential effects of the increased minimum income requirement.
