Border Force officers check the passports of passengers arriving at Gatwick Airport in 2014, in London, England. Getty Images
Border Force officers check the passports of passengers arriving at Gatwick Airport in 2014, in London, England. Getty Images
Border Force officers check the passports of passengers arriving at Gatwick Airport in 2014, in London, England. Getty Images
Border Force officers check the passports of passengers arriving at Gatwick Airport in 2014, in London, England. Getty Images

MP says changes to spouse visas are forcing academics and innovators to leave UK


Soraya Ebrahimi
  • English
  • Arabic

Raising the earnings threshold for Britons to bring partners into the country on a spouse visa is “forcing academics and innovators to leave”, an MP has claimed.

Liberal Democrat MP Layla Moran said the government is using taxpayer money to train highly qualified researchers, but that immigration policy then forces them out.

The government announced in December that it would raise the earnings threshold UK citizens must meet for their partners to secure a spouse visa.

Ministers said it would help the government reach its aim of cutting immigration.

The threshold is due to rise from £18,600 ($23,695) to £29,000 in the spring, with plans for it to rise to £38,700 in early 2025.

“The government’s recent spouse visa policy to increase the salary threshold is forcing academics and innovators to leave," Ms Moran told the House of Commons.

She told of a British constituent of hers graduating from the University of Oxford with a PhD funded by UK Research and Innovation.

Ms Moran said the constituent is married to an American who “cannot live with him because the job he has been offered will be paid well below the salary threshold”.

The man’s wife is graduating from a different university with a PhD, Ms Moran said.

UK's new immigration rules explained - video

“Can the minister explain why is this government using taxpayer money to educate people to become highly qualified researchers if its immigration policy then forces them to leave?” she asked.

Science Minister Andrew Griffith responded: “A fair immigration policy is absolutely part of an open Britain.

“And it’s right that those who are coming here from overseas, living cheek by jowl with those who clean their labs, who drive their local buses, empty their bins, make their fair share and contribution to the UK economy.”

UK retreats on plans to raise salary threshold to £38,000

In December, Prime Minister Rishi Sunak retreated on plans to raise the salary needed for migrants to bring foreign family members to live in the UK to £38,700 ($49,075), by reducing it to £29,000.

The measure, an increase from £18,600, will also not come into effect until April when it had been expected to start in January.

“There is now going to be a scramble because the new regime will be applied to those who make their application after the April date,” said David Jones, a veteran backbencher who sits on the right wing of the Conservative Party.

“People will now be rushing to apply for their visas before the April deadline. I just think that the government should be far more robust about this.”

Home Secretary James Cleverly had announced the increase as part of a package of measures to curb legal migration.

“This plan will deliver the biggest ever reduction in net migration, with around 300,000 fewer people coming to the UK compared to last year, delivering on our promise to bring the numbers down,” Mr Cleverly said then.

The government insists the reduction in net migration will still be achieved.

The move attracted criticism as it threatened to tear apart families, with many having their futures thrown into doubt as the government considered the details of the policy.

Home Office minister Andrew Sharpe confirmed the change of plans in answer to a written parliamentary question on Thursday.

Mr Sharpe said the threshold of £18,600 allows 75 per cent of the UK working population to bring their foreign family members into the country to live.

Increasing the threshold to £38,700 would limit the same right to 30 per cent of the working population.

Mr Sharpe said that in the spring of 2024, the threshold would be increased to £29,000, then later £34,500, then £38,700, without giving a precise date.

But Mr Jones, the former Welsh secretary, objected to the “considerably lower” amount now proposed.

“There could have been a far more focused way of dealing with this rather than simply dropping the threshold to a lower level,” he said.

“This should also have commenced in January with the £38,700 threshold maintained. People will be very disappointed at this volte-face.”

However, Dr Madeleine Sumption, of Oxford's Migration Observatory, told The National the figure meant some families would be forced to separate while a partner tries to earn the requisite salary.

“But sometimes people are unable to do that and they can be separated for very long periods of time,” Dr Sumption said.

Britain now had the highest salary requirement, she said.

“I'm not aware of any other countries that have an income threshold even as high as £29,000. The US, for example, has a threshold of less than £20,000.

“Some people will basically never be able to do it, so substantial numbers of people would still be affected, I’d say up to 30,000.

“Unlike a lot of immigration policies … one of the key impacts is on British people, who can't bring their spouse to the UK if they marry someone from overseas and if they don’t have the right income.”

In a fact sheet detailing its plans, the Home Office confirmed that changes to the family visa scheme would only apply to new applicants.

Anyone granted a fiance-fiancee visa before the minimum income threshold is raised will also be assessed against the £18,600 requirement.

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Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor

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Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

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Launch year: 2017

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If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Six large-scale objects on show
  • Concrete wall and windows from the now demolished Robin Hood Gardens housing estate in Poplar
  • The 17th Century Agra Colonnade, from the bathhouse of the fort of Agra in India
  • A stagecloth for The Ballet Russes that is 10m high – the largest Picasso in the world
  • Frank Lloyd Wright’s 1930s Kaufmann Office
  • A full-scale Frankfurt Kitchen designed by Margarete Schütte-Lihotzky, which transformed kitchen design in the 20th century
  • Torrijos Palace dome
The specs: 2019 Chevrolet Bolt EV

Price, base: Dh138,000 (estimate)
Engine: 60kWh battery
Transmission: Single-speed Electronic Precision Shift
Power: 204hp
Torque: 360Nm
​​​​​​​Range: 520km (claimed)

TOP 5 DRIVERS 2019

1 Lewis Hamilton, Mercedes, 10 wins 387 points

2 Valtteri Bottas, Mercedes, 4 wins, 314 points

3 Max Verstappen, Red Bull, 3 wins, 260 points

4 Charles Leclerc, Ferrari, 2 wins, 249 points

5 Sebastian Vettel, Ferrari, 1 win, 230 points

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
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The specs: 2018 Maserati Levante S

Price, base / as tested: Dh409,000 / Dh467,000

Engine: 3.0-litre V6

Transmission: Eight-speed automatic

Power: 430hp @ 5,750rpm

Torque: 580Nm @ 4,500rpm

Fuel economy, combined: 10.9L / 100km

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Updated: January 10, 2024, 7:38 PM