By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Icy Canada
  • Business
  • Sports
  • Canada Immigration
  • Canadian Cities
  • Entertainment
  • Destinations
  • Education
  • International Visas
Reading: Reduction in Business Visas: Effect Of Brexit On UK Economy 2018
Share
Notification Show More
Reading List
top country songs 2016
Canada Top Country Songs 2016: The Best Top 10
December 3, 2022
Tips on Surviving a Brutal Canadian Winter 1
Tips on Surviving a Brutal Canadian Winter
December 31, 2020
Vancouver's World Famous Celebration Of Light.- events in canada
Latest Canada Immigration News 2020
November 10, 2020
Canadian Tourists Decreasing in the US 2
Canadian Tourists Decreasing in the US
January 20, 2020
Can You Bring Your Spouse While Studying Abroad? 3
Can You Bring Your Spouse While Studying Abroad?
December 21, 2018
Latest News
how to become a certified personal trainer
How To Become A Certified Personal Trainer:- 4 Steps To Know!
February 4, 2023
bay of fundy
Bay of Fundy-16 Amazing Things to Do in the Bay of Fundy
February 3, 2023
indian buffet vancouver
Largest Indian Buffet Vancouver: 6 Important Things to Know
February 2, 2023
business in Ontario
How to Start a Business in Ontario: 10 Important Steps You Must Know
February 2, 2023
Customer intelligence.
From Data To Insights: How Customer Intelligence Is Revolutionizing Marketing & Sales
February 1, 2023
Aa
Icy Canada
Aa
  • Home
  • About Us
  • Privacy Page
  • Terms & conditions
  • Business
  • Sports
  • Canada Immigration
  • Canadian Cities
  • Entertainment
  • Destinations
  • Education
  • International Visas
Have an existing account? Sign In
Follow US
  • Home
  • Blog
  • Complaint
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
- Advertisement -
Ad image
Icy Canada > Blog > International Visas > Reduction in Business Visas: Effect Of Brexit On UK Economy 2018
International Visas

Reduction in Business Visas: Effect Of Brexit On UK Economy 2018

Icy Canada Team
Icy Canada TeamDecember 28, 2018
Updated 2018/12/29 at 7:07 AM
Share
Reduction in Business Visas: Effect Of Brexit On UK Economy 2018 4
SHARE

Effect Of Brexit On UK Economy 2018

The United Kingdom left the European Union on June 23, 2016. However,  the effect of Brexit on UK economy 2018 has most definitely been tremendous. The most recent is 11% fewer business visas given by the UK after Brexit this year. In 2016, 140 individuals representing foreign companies had applied for the UK visa. In 2017, only 125 individuals representing foreign companies applied for a business visa. That is a loss of 11%.

Contents
Effect Of Brexit On UK Economy 2018What’s a business visa and how is it causing effect of Brexit on UK economy 2018?
Losing out on tax revenue

effect of brexit on uk economy 2018

 

The UK government says that this is due to stricter reviews. Prime Minister Theresa May wants to cut down on immigration, that is why Home Office is minutely reviewing foreign businesses which are causing this damaging effect of Brexit on UK economy 2018 . It is projected that the population in the United Kingdom is expected to touch 70 million in 2029. After looking at the statistics, PM May has decided to cut down net immigration.

What’s a business visa and how is it causing effect of Brexit on UK economy 2018?

The representative of an overseas business visa is a visa that is valid for three years. The visa is given to individuals from non-European Union countries looking to expand business in the United Kingdom. Most companies that want to expand our tech industries.

 

Losing out on tax revenue

Collyer Bristow, a law firm in UK, said that issuing 11% fewer business visas will reduce government tax revenue. The government will miss out of major tax revenue. Maximum business visas were given to Australian and American nationals. The law firm said that 20 each were given to both nations. Chinese and Indians nationals were given 15 business visas each.

 

10 business visas were issued to Japanese nationals. James Badcock, a lawyer representing Collyer Bristow, said that business visas attract major companies around the world to the UK. It encourages trade, innovation, competition, and more importantly investment. He feels the government hasn’t done much to promote representative of an overseas business visa. Most companies around the world aren’t even aware that a business visa like that exists.

TAGGED: effect of brexit on uk economy 2018
Icy Canada Team December 28, 2018
Share this Article
Facebook TwitterEmail Print
Previous Article UK Report Highlights: Indian Tourist Visa Fees in UK to be Reduced 5 UK Report Highlights: Indian Tourist Visa Fees in UK to be Reduced
Next Article The Immigration Plan Canada of 2018 Will Boost Economy 6 The Immigration Plan Canada of 2018 Will Boost Economy
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin

Latest News

camping checklist
101 Camping Checklist: Ultimate Guide to All Essentials
Featured
Calgary movers.
Top 7 Calgary Movers – Find the Best Calgary Moving Companies
Featured

You Might Also Like

3 Best Places A South African Can Visit Without A Visa

July 30, 2021
New Indian Visa Center Jessore: Indian Visa For Bangladeshi Travelers 8
International Visas

New Indian Visa Center Jessore: Indian Visa For Bangladeshi Travelers

July 30, 2021
Here's Steps For The Canadian Student Visa Application Form 10
CanadaInternational Visas

Here’s Steps For The Canadian Student Visa Application Form

July 28, 2021
Russia E-Visa For India: Russia Launching E-Visa For Indians 12
International Visasvisa tips

Russia E-Visa For India: Russia Launching E-Visa For Indians

July 27, 2021
//

Icycanada.com your home to Canadian life, the outdoors, events, immigration news, and more.

Icy Canada

3-11860 River Rd, V3V 2V7,

Surrey, BC, Canada

+17789512734

Have questions? Reach out to us at team@icytales.com

Disclosure Statement

We are reader-supported. And we review products independently. When you do buy a product after clicking on a link, we may earn a small commission. That doesn’t mean you will pay more. No, because our commission is independent of what you would pay otherwise. It’s what helps us keep small businesses like us alive.

© 2022 Icy Canada. All Rights Reserved.

  • Home
  • About Us
  • Privacy Page
  • Terms & conditions

Removed from reading list

Undo
Welcome Back!

Sign in to your account

RegisterLost your password?