Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Factbox-British PM Starmer's new policies to drive down net migration
    Headlines

    Factbox-British PM Starmer's new policies to drive down net migration

    Factbox-British PM Starmer's new policies to drive down net migration

    Published by Global Banking and Finance Review

    Posted on May 12, 2025

    Featured image for article about Headlines

    LONDON (Reuters) - British Prime Minister Keir Starmer said on Monday he would end the country's "failed experiment in open borders" with a sweeping set of reforms to significantly drive down net migration.

    Below is a summary of the main changes:

    NET MIGRATION NUMBERS

    Starmer said he would not set a target for the reduction in net migration, though his government has said in a policy document that the changes could reduce the number of people arriving by around 100,000 per year.

    A government official said the fall in the number of people could be larger, particularly if the government decides to take additional steps to reduce immigration. 

    CITIZENSHIP 

    Immigrants to Britain will need to spend 10 years in the country, up from five years currently, before they get the automatic right to apply for an indefinite "leave to remain" or full citizenship.

    Individuals who can demonstrate their "contribution to the economy or society" will be allowed to apply sooner.

    The government will consult before deciding when the changes come into force and whether they will apply to immigrants already in Britain or only to new arrivals.  

    CLOSURE OF CARE SECTOR ROUTE

    The government said the overseas recruitment of care workers would end, a move that will add to pressure on a sector already grappling with chronic staff shortages.

    In the policy paper, the government said there would be a "transition period" until 2028 during which existing visas could be extended and overseas nationals in Britain could switch to a social care job.

    HIGHER COSTS FOR HIRING OVERSEAS WORKERS

    The government said in the policy document it would introduce a 32% increase in the so-called immigration skills charge, paid by employers when they take on someone from overseas via a skilled visa or similar route.

    The current cost of the immigration skills charge is 1,000 pounds ($1,318) per worker for a large company for the first year, and 364 pounds for worker for a small company.  

    The government said the cost has not been increased since 2017, so the rise is in line with inflation.

    STUDENTS

    International students will still be able to work in Britain after they graduate but only for 18 months, down from two years currently. 

    The government said it would explore introducing a levy on higher education providers' income from tuition fees from international students.

    While no final decision has been made, the policy paper modelled a 6% levy on tuition fees and said this could increase the cost of coming to studying in Britain if passed on.

    ENGLISH LANGUAGE

    The government said there would be tougher English language requirements for visa routes.

    Adult dependents who come with arriving workers or students will need to show basic English skills to get visas.

    ASYLUM SEEKERS

    While Monday's statement focussed on reducing legal migration, the government said it would look to bring in new legislation to make it easier to remove some asylum seekers.

    The government said it would introduce legislation to limit asylum seekers' use of Article 8 of the European Convention on Human Rights - which protects the right to a family - so fewer cases are treated as "exceptional".

    The government said further reforms to the asylum system would be published later in the year.

    ($1 = 0.7588 pounds)

    (Reporting by Andrew MacAskill and Alistair Smout; Editing by Gareth Jones)

    Related Posts
    NATO sees positive signs Czech ammunition scheme for Kyiv may continue
    NATO sees positive signs Czech ammunition scheme for Kyiv may continue
    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday
    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday
    Maersk tests Red Sea route as Gaza ceasefire offers hope
    Maersk tests Red Sea route as Gaza ceasefire offers hope
    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK
    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK
    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show
    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show
    Paris court orders Shein to verify age for sex toy sales or risk fines
    Paris court orders Shein to verify age for sex toy sales or risk fines
    No drop in military aid to Kyiv since US policy shift, NATO official says
    No drop in military aid to Kyiv since US policy shift, NATO official says
    How is Britain's government doing on its housing targets?
    How is Britain's government doing on its housing targets?
    Cricket-England's Barmy Army earns praise for litter-picking
    Cricket-England's Barmy Army earns praise for litter-picking
    Factbox-What are shipping companies' plans for return to Suez Canal?
    Factbox-What are shipping companies' plans for return to Suez Canal?
    Big central banks signal rate-cut cycle is ending
    Big central banks signal rate-cut cycle is ending
    Embraer's Eve makes maiden flight of 'flying car' prototype
    Embraer's Eve makes maiden flight of 'flying car' prototype

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    Markets quietly welcome EU shift to joint borrowing for Ukraine loan

    Markets quietly welcome EU shift to joint borrowing for Ukraine loan

    Putin promises to look into case of jailed Frenchman Laurent Vinatier

    Putin promises to look into case of jailed Frenchman Laurent Vinatier

    Presses fall silent after mobs torch offices of Bangladesh's top newspapers

    Presses fall silent after mobs torch offices of Bangladesh's top newspapers

    Ukraine can advise Poland on drone defence, Zelenskiy says in Warsaw

    Ukraine can advise Poland on drone defence, Zelenskiy says in Warsaw

    French government calls for Christmas truce in farmer protests

    French government calls for Christmas truce in farmer protests

    Macron says Europe will need to engage with Putin if US peace talks fail

    Macron says Europe will need to engage with Putin if US peace talks fail

    ECB's Santos Pereira: inflation at target, rate moves to hinge on economy

    ECB's Santos Pereira: inflation at target, rate moves to hinge on economy

    Putin says Trump is right to sue BBC over speech edit

    Putin says Trump is right to sue BBC over speech edit

    Rogue texts, aliens and a marriage proposal - welcome to Vladimir Putin's phone-in

    Rogue texts, aliens and a marriage proposal - welcome to Vladimir Putin's phone-in

    Prince Harry and Meghan to revamp Archewell charitable arm

    Prince Harry and Meghan to revamp Archewell charitable arm

    Gaza no longer in famine after aid access improves, hunger monitor says

    Gaza no longer in famine after aid access improves, hunger monitor says

    Ukraine clinches deal to restructure $2.6 billion in 'toxic' GDP warrants

    Ukraine clinches deal to restructure $2.6 billion in 'toxic' GDP warrants

    View All Headlines Posts
    Previous Headlines PostRoche boosts US presence with new $700 million North Carolina facility
    Next Headlines PostKremlin says Putin is serious about Ukraine peace talks but says no more