Business News of Friday, 22 December 2023Source: theguardian.comThe UK government has made a U-turn on its much-criticised plan to imminently raise the minimum salary requirement for British nationals bringing foreign family members to the UK, saying the threshold will first be raised to £29,000 instead of £38,700. This would begin next spring, with the increase to £29,000, pegged as the 25th percentile of earnings for jobs eligible for skilled worker visas. This would subsequently rise to the 40th percentile, which would currently make it £34,500, and then the 50th percentile, now £38,700 – the new minimum threshold also for a skilled worker visa. Yvette Cooper, the shadow home secretary, said: “This is more evidence of Tory government chaos on immigration and the economy. It was clear to everyone else that the raising of the earnings threshold was unworkable.

Source: The Guardian December 22, 2023 11:15 UTC