Thursday, November 25, 2010

"Give us your rich..."

The UK’s new immigration cap will not prevent all migrants from entering the country. In fact, there is one certain kind of immigrant that will not be turned away, and that is the rich kind.

This new emigration cap will not have any bearing on the very rich from coming to the country. Theresa May, the Home Secretary, insisted that she would not limit the number of wealthy who can come to Britain. She is to exempt “high-net-worth investors

Kamal Rahman, a lawyer working with the Home Office, said people investing more than £5m in the UK would be promised residency within two or three years and full citizenship within five. Ms Rahman also said such investors would need to live in the UK for only six months a year, down from nine at present.

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