Visas: Highly Skilled People

Lord Davies of Gower Excerpts

Wednesday 26th November 2025 Lords Chamber

[Lord Lemos (Lab)]

As I just said in response to my noble friend, this is all currently under consultation. We will, of course, look at all the routes in the way the noble Lord asks me to. To be clear, salary levels are not the only things that will influence our approach to global talent, high-potential individuals and the various schemes that we have. As I have already said, we will be careful to avoid the unintended consequences. On the specific question about numbers, I do not have them now but I am happy to write to the noble Lord.

[Lord Davies of Gower (Con)]

My Lords, following up on my noble friend Lord Hintze’s question, can the Minister—who has already addressed the economic impact of high skilled visas—say what the economic impact of the Government’s policies is? We know that nearly 1,800 high net worth individuals have left the country, and on Monday the Business Secretary acknowledged that Labour’s tax rises have made wealthy people feel the need to leave. Does the Minister agree that we would not need to have such a focus on more immigration if we did not have so many wealthy tax- payers leaving?

[Lord Lemos (Lab)]

No, I do not agree, as it happens. I feel strongly that we have done the right things from our side on the tax changes—although it is way above my pay grade. I am sure everyone knows that the highly talented, the innovators and the entrepreneurs are internationally mobile, and we should make arrangements to attract the brightest and the best to Britain. These two matters are not connected.