Who’s next? The financial sector is now asking the government for European workers


Britain’s financial sector has urged the government to ease visa rules for foreign workers who wish to work in Britain for up to six months to help the country maintain its international competitiveness.

According to a new report from industry experts TheCityUK, City of London Corporation and EY, a short-term “hybrid” visa would allow workers to come without the bureaucracy involved in a typical visa process.

“Without this, we will not be able to innovate in key growth areas like fintech or green finance, nor to develop our international business networks,” said Miles Celic, CEO of TheCityUK. Reuters.

Talents from abroad

The report found that 42% of fintech workers, who are key to the industry’s growth, are international.

And in all UK financial services, almost 20 percent of the workforce comes from overseas.

But since January this year, when new immigration rules came into effect after Brexit, companies have faced rising costs to be able to employ talent that will keep Britain relevant in global finance.

It comes as various UK industries such as hospitality, meat and transport have urged the government to bring in workers from overseas to prevent food and fuel shortages from worsening.

Temporary visas for truckers and poultry farmers

The government announced last weekend that it would allow 5,000 truck drivers and 5,500 poultry workers to come to the UK on short-term temporary visas.

And he sent letters to around a million drivers in the UK who they deemed eligible to become or become truck drivers again.

But beneficiaries included ambulance drivers, paramedics and motorhome owners, as well as German citizens who obtained their driver’s licenses before 1999 and are allowed to drive small to medium-sized trucks up to 7.5 tons.

Peter Brissenden from Kent said London’s economy he passed his truck driving test three years ago just to be able to drive a motorhome, and thinks being invited to work as a truck driver shows a “bombshell” on the part of a “desperate government”.

He said: “The letter I received shows a comprehensive approach from a government that is desperate to resolve a problem that is entirely of its own creation.

“Part of it is due to Covid, but obviously the vast majority, the reason we don’t have foreign drivers in the UK is because a lot of them have returned home after Brexit.”

EU truck drivers say ‘no’

Earlier this week, EU truck drivers rejected calls to come and work in the UK in a damning Facebook post.

Commenting in a group called “Koleka Problem”, George Mihulecea from Bucharest, Romania, said that “most of the drivers left for reasons of working conditions” and that it “is not worth it anymore” to come to the UK.

He added: “I wish them good luck. They believe the drivers are waiting at the border to be employed in the UK.

“The driver shortage is just the beginning, warehouse operators will be the next to go. “

Vytautas Bielskis from Breda in the Netherlands said there was “no chance” for him to come to work under the post-Brexit visa rules proposed by the UK government.

Showing a middle finger emoji over the Tories’ temporary proposals, Marius Blekaitis said: “Boris hopes 5,000 drivers will work overtime.”

Blekaitis said it would mean helping the UK with Boris Johnson’s ‘best deal ever’ and then asking him to leave Britain ‘again’.

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