Reeves plans to refund some visa fees in effort to attract ‘trailblazer’ investment to UK
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Chancellor Rachel Reeves is attending the World Economic Forum in Davos to promote the UK as a stable investment destination. She plans to announce visa regime changes aimed at attracting "trailblazer" businesses, including refunding visa fees and expediting sponsor qualification for migrant workers. Reeves will emphasize Labour's investments in industry and infrastructure, aiming to counter concerns arising from potential US tariffs and their impact on global markets. While in Davos, she is also expected to address concerns regarding business rate changes and their potential impact on the UK's hospitality sector, following a letter from over 130 hotel providers. The forum takes place amidst global economic uncertainty, with Donald Trump also attending and expected to discuss trade policies.
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