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Dave Waives Immigration Cap For Banksters

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http://www.bbc.co.uk...litics-12471060

Non-European Union workers earning more than £150,000 a year are to be excluded from the government's immigration cap.

</h2>

<h2>New rules for non-EU workers

Exempt from immigration cap:

  • Bankers, lawyers and other workers on +£150,000 pa

Given significant advantage over other new applicants:

  • Chemists
  • Biochemists
  • Physicists
  • Geologists
  • Research and development managers

He's included some other professions where clearly there must be a shortage of supply to mask his real objective.

Total govt. capture.

Edited by Red Karma

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I have no problem with that. A small number of high earners, many of whom will pay tax here, do not distort the lives of most citizens. It is mass immigration and competing for lower income jobs that is destructive.

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I have no problem with that. A small number of high earners, many of whom will pay tax here, do not distort the lives of most citizens. It is mass immigration and competing for lower income jobs that is destructive.

Only because there's not enough of them to do so. On an individual basis they're no better (if it's bankers they're far worse), there's just not enough of them to add up to as much of a problem. Is that a good enough reason to specifically select them as being able to come here?

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I have no problem with that. A small number of high earners, many of whom will pay tax here

The trouble is they don't.

They either claim 'non dom', or they use off shore umbrellas or they use a Ltd and then bugger off before any taxes are due.

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All someone wanting to bring in an Indian to replace a British national is pay them £500 for a days work. Scale it by 365 days a year and call them an executive. Not that they have any means of looking at foreign tax returns anyhow.

They tried this sort of thing in other places, removing requirements if you were a millionaire. All they did was borrow a million for a day, the money never leaving the bank of course.

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The trouble is they don't.

They either claim 'non dom', or they use off shore umbrellas or they use a Ltd and then bugger off before any taxes are due.

Not correct. They should provide P45 to extend their stay or settle. If at any point it's less than 150K gross, off they go.

edited: typo.

Edited by vodkalondon

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Surely more competition for these roles means eventually wages will go down ? We have been told the same about IT jobs, Polish workers etc... Had these discussions on this forum numerous times.

Surely if a pile of 'foreign' investment bankers come here to earn a crust they will push down the cost of employing others doing the same job in the UK ? Or are we just going to pick and choose at what roles are 'good' or 'bad' to allow competition for ?

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or they use off shore umbrellas or they use a Ltd and then bugger off before any taxes are due.

Self employed or company owners can't be on Tier 2 - it is for employed only, and an offshore company will never get a sponsorship license. For entrepreneurs or investors there's a separate category under Tier 1 with much more money required.

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150K? Absolutely no problem with that, as long as they pay their tax in full. An they will do so for at least 5 years if they want to settle as per current rules.

Would have been great if this was the minimum wage for intra-company transfers.

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Wasn't this also modified to allow unlimited people on ICT's to still come over and not be counted towards the cap?

Yes, it was. The minimum salary is 40K+ to stay in the UK for more than 12 months and something laughable about 28 for les than that.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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