Keir Starmer's 'global talent taskforce' is reportedly examining plans to cut visa application fees and streamline processes for foreign academics and digital experts to relocate to the UK, in a move that could challenge US efforts to retain homegrown talent under Donald Trump.
The proposals, which involve Treasury officials, aim to lure top scientists and skilled workers to boost economic growth. The UK's global talent visa currently costs £766 per individual, with additional charges for dependents and a £1,035 health surcharge. An anonymous official told the Financial Times that the government is considering 'cutting costs to zero'.
This comes as Trump increased fees for H-1B skilled worker visas to $100,000 (£74,096) and urged US tech companies and universities to prioritise American nationals for senior roles. While UK fees are modest compared to the US, large companies have complained to Treasury ministers that costs, complex paperwork, and processing delays deter top talent.
The global talent visa, introduced in 2020, targets eminent individuals in science, engineering, humanities, medicine, digital technology, or arts and culture. In the year ending June 2023, grants rose 76% to 3,901. The taskforce is chaired by Varun Chandra and Patrick Vallance.
Additionally, Chancellor Rachel Reeves' plans to apply inheritance tax to non-domiciled UK residents' global wealth may be modified or scrapped as part of wider inducements. Recent non-dom tax changes have faced criticism from wealthy individuals citing them as a reason to leave Britain.
A Home Office spokesperson said: 'Our global talent routes attract and retain high-skilled talent, particularly in science, research and technology, to maintain the UK’s status as a leading international hub for emerging talent and innovation.'
