Before 6 April 2023, Tier 1 Investors should check whether any investments made into UK government bonds (also known as gilts) in their investment portfolio needs to be moved to other ‘qualifying investments’. Applicants who obtained their initial Tier 1 (Investor) visa between 6 November 2014 to 28 March 2019 must consider now if they can continue to hold gilts. Those who applied and was granted a Tier 1 (Investor) visa from 29 March 2019 already could not rely on investments into gilts.
Following a recent freedom of information request, it has been confirmed to us that the well-established procedure of UKVI issuing a notice/letter when a sponsored worker’s employment ends may be nearly a thing of the past.
As immigration lawyers we have become used to bracing for bad news, particularly in the form of terrible legislation. But no one could have been prepared for the sheer audacity, international law busting and compassionless horror show that is the Illegal Migration Bill.
2022 has ended, and so it seems, are the jobs of many workers across the UK. In particular, redundancies in the tech sector have been coming in thick and fast, as reported in the FT recently. According to https://layoffs.fyi/, which tracks job cuts in the tech sector, well over 100,000 tech jobs have already been lost in 2023 and many more are being announced every other day. The UK economy is expected to shrink by around 1% in 2023.
As EU nationals, French nationals enjoy free movement within the EU which means that they have the right to live and work in any member states without applying for a visa. Now that the UK has left the EU, this right no longer applies to EU nationals coming to the UK.
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