The Sunday Times:
No 10 adviser: Charge super-rich #3m to settle in UK
28 June 2015
DAVID CAMERON'S top immigration adviser has suggested the introduction of a £3m ''entry fee'' for Russian oligarchs and other wealthy foreigners who want to stay in Britain, with some of the proceeds used to help stem the tide of immigration. In an interview with The Sunday Times, Sir David Metcalf, chairman of the influential migration advisory committee (MAC), said the sale of 100 fast track ''investor visas'' each year would raise £3bn over a decade. ... They get the rule of law, good schools, access to capital markets and we are giving them money as well.'' Metcalf, who is emeritus professor at the LSE's Centre for Economic Performance, said some of the money raised from settlement fees for the super-rich could be also spent on improving the skills of British workers.
Thuis article was published by The Sunday Times on June 28, 2015
Link to article here
Related publications
The 'investor route' to UK citizenship, David Metcalf. Article in CentrePiece Volume 19, Issue 2, Autumn 2014
Related links
David Metcalf webpage
Labour Markets Programme webpage