Reeves Promises Easier Access for Global Workers
The UK is preparing to make it easier for overseas professionals to move and work in Britain. Chancellor Rachel Reeves highlighted this approach during the opening of fintech giant Revolut’s new headquarters in Canary Wharf. She contrasted the UK’s strategy with recent US policy changes that have made it harder to hire foreign talent.
On Friday, US President Donald Trump announced a dramatic increase in the cost of skilled-worker permits, raising the fee to $100,000 (£74,000). This decision confused US tech companies and international employees, many of whom rushed back to the United States to secure their status.
Reeves stated:
“While President Trump announced that it will be harder to bring talent to the US, we want to make it easier to bring talent to the UK.”
Doubling High-Skilled Worker Visas
According to reports, the UK government plans to double the number of high-skilled foreign worker visas from 9,000 to around 18,000 annually. This policy shift is intended to attract top talent at a time when tech-driven economies are competing fiercely for skilled professionals.
The announcement also followed the signing of a £150 billion tech deal with the US during Trump’s second state visit.
Revolut: A Case Study for UK Ambitions
Reeves made her comments at Revolut’s new £3 billion global HQ. The fintech firm, founded in 2015 by Russian-born entrepreneur Nik Storonsky, has grown rapidly to 65 million users in 40 countries. Despite its valuation of $75 billion, Revolut still awaits a full UK banking license, facing regulatory hurdles and criticism over fraud issues.
Reeves stressed that the UK government wants to reduce red tape and encourage high-growth firms to expand in Britain.
US Visa Chaos and Industry Concerns
The US H-1B visa system, once praised for helping tech giants like Google, Apple and Microsoft recruit global experts, now faces an uncertain future. Tech leaders such as Elon Musk, Sundar Pichai and Satya Nadella were once H-1B holders. The new US rules sparked panic, though the White House later clarified that the high fees applied only to new applicants.
In contrast, Reeves said the UK will expand “Global Talent” and “High Potential Individual” visa routes, aiming to position London as one of the most open and attractive financial hubs in the world.
Frequently Asked Questions (FAQ)
1. What changes did President Trump make to the US visa system?
He announced a steep rise in the cost of skilled-worker permits (H-1B visas), increasing fees to $100,000 for new applicants.
2. How is the UK responding differently from the US?
The UK plans to double high-skilled worker visas to around 18,000 annually and simplify access for overseas professionals.
3. What is the significance of Revolut in this announcement?
Revolut, a fast-growing fintech company with 65 million customers, is seen as a test case for the UK’s approach to attracting international firms and talent.
4. Why is the H-1B visa important?
It allows US companies to hire highly skilled foreign workers, especially in the tech industry. Many global tech leaders once relied on this visa.
5. Will the UK’s new visa policy attract more global talent?
Yes, the UK aims to become a hub for global professionals by offering easier visa access, reduced barriers and supportive regulations.