Cancelling the ‘Golden Visa’ scheme is long overdue

Scrapping the ‘Golden Visa’ scheme is long overdue. It has taken the threat of a defeat in Parliament to get the Government to act – with a government source confirming reports that there would be an announcement on the scheme next week.

In the Lords the Liberal Democrats tabled an amendment to the nationality and borders bill requiring the scheme was stopped until a full review was published.

An Intelligence and Security Committee report warned that a lack of checks has meant illegal cash could flow into the UK from Russia.

Responding to the cancelling of the ‘Golden Visa’ scheme, Liberal Democrat Foreign Affairs Spokesperson Layla Moran MP commented: “The Conservatives have turned a blind eye to Russian interference in this country for years and had an open door policy to Kremlin cronies.

Education spokesperson Layla Moran

“Shockingly this Government still hasn’t published a report about the possible misuse of golden visas.

“Cancelling the scheme is long overdue, it shouldn’t have taken the threat of a defeat in Parliament to finally get this Government to act.

“They must publish this report immediately and take urgent steps to tackle the influence of Russian money including a public register of overseas property ownership.”

The BBC has reported that “the Home Office has issued 14,516 investor visas to Russian citizens since the scheme opened in 2008.

In 2020, Parliament’s intelligence and security committee argued for a “more robust” approach to approving Tier 1 visas as part of a report on Russian influence in the UK.

The full report is available here.

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