The ‘investor route’ to UK citizenship
Simple reforms to the ‘investor route’ system whereby wealthy foreigners can get permanent residence in the UK would benefit current residents and signal that the country is open. That’s the view of Sir David Metcalf, chair of the government’s Migration Advisory Committee and an active CEP researcher for three decades. In particular, he restates the benefits of auctioning visas. As critics have argued, this controversial idea would indeed be ‘selling settlement’ – but at present the UK is giving it away. And while no one knows the optimal ‘certain’ price of a UK investor visa, an auction would establish that price.
3 October 2014 Paper Number CEPCP430
This CentrePiece article is published under the centre's Labour markets programme.