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World Business Report: First broadcast 17/02/2022 15:32 GMT : Britain to close down golden visa scheme

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Britain to close down golden visa scheme

First broadcast 17/02/2022 15:32 GMT 

First broadcast 17/02/2022 15:32 GMT : Britain to close down golden visa scheme

BBC World Service - World Business Report, Britain to close down golden visa scheme

The controversial scheme is used by wealthy individuals to live in the UK

The golden visa scheme which is used by many Russian oligarchs to live in the UK, will be closed as soon as this week

Wealthy individuals who invest at least £2m in the UK are offered residency through the golden visa scheme. But that's set to end as the UK government aims to deter Vladimir Putin's allies from benefitting from the UK economy. We get more details from Jack Freeland, an immigration solicitor with the law firm Shepherd and Wedderburn and Ben Cowdock, Investigations Lead at Transparency International UK. And the American Chamber of Commerce in Hong Kong reported last year that 44% of their members were contemplating pulling out - we hear why from Tara Joseph, President of AmCham. Plus, two years on from the start of the pandemic, most visitors are still banned from Japan, but how is it affecting the people there and the national economy? The BBC's Tamasin Ford reports. (Picture of a gold private jet, picture via Getty).

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First broadcast 17/02/2022 15:32 GMT : Britain to close down golden visa scheme

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