Rishi Sunak plans new tech visas to boost UK fintech

L ONDON: Chancellor of the Exchequer Rishi Sunak is planning to lay out details of new fasttrack "Tech Visas" in his Budget statement next month as part of efforts to boost the UK's financial technology industry, according to a UK media report.

The senior Cabinet minister has drawn up details for the scheme to attract global talent to UK startups and its GBP 7-billion fintech sector, proposals which are said to have the backing of his boss -- UK Prime Minister Boris Johnson.

'The Daily Telegraph' quoted Whitehall sources with knowledge of the plans to say that the new visas are likely to be approved by Tech Nation, Britain's national network representing tech entrepreneurs.