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Nairametrics

Official: UK Government To Scarps £3k Visa Bond

Nairametrics by Nairametrics
November 4, 2013
in Uncategorized
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Plans for a £3,000 “security bond” for some “high risk” overseas visitors to the UK are to be abandoned, the Home Office has confirmed. The visa bond scheme was announced by Home Secretary Theresa May in June and was set to be introduced this month. A Home Office spokesman confirmed a Sunday Times report that the policy would be scrapped.

The decision is thought to have been taken after Deputy Prime Minister Nick Clegg threatened to block it. The aim of the scheme was to reduce the number of people from some “high risk” countries – including India, Pakistan, and Nigeria – staying in the UK once their short-term visas had expired. Visitors would have paid a £3,000 cash bond before arrival in the UK – forfeited if they failed to make the return trip.

Source: BBC

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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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