It seems that mandarins in the UK Home Office have been reading my New Barbarian Manifesto.
At present non-EU nationals who invest £1 million, £5 million and £10 million in government bonds can apply for permanent residency in the UK after five, three and two years respectively.
Now someone in the Migration Advisory Committee (MAC) has proposed a sealed bid auction of around 100 visas annually, minimum bid £2.5 million, £2 million of which goes straight into government coffers.
Critics say the British Public won’t like this. I beg to differ. The British public don’t want dole queue immigrants. They’d be delighted to welcome the rich who spend money and thus employ people, and pay taxes. In the New Barbarian Manifesto I said that the UK “should drag them of the planes if necessary”. It looks like someone in MAC is thinking along the same lines.
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