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The UK Home Secretary, Priti Patel, has confirmed the immediate termination of Tier 1 investor visas, which offered fast-track residency to foreign investors. The move is part of the government's efforts to combat illicit finance and fraud. The visa scheme, introduced in 2008 to attract non-EU wealthy individuals to invest in the UK, has faced criticism for potential abuse. The decision comes earlier than expected and aligns with the government's new immigration plan. The Home Office emphasizes the need for genuine job creation and economic impact in order to obtain settlement in the UK.
Wednesday, 16 February, 2022