Report by former head of WorldPay also recommends £1bn ‘fintech growth fund’ and fast-track visas
The government has been urged to set up a £1bn startup investment fund, introduce special fast-track visas to draw global talent and change the UK’s stock market listing rules to protect and grow Britain’s financial technology sector post-Brexit.
The recommendations are made in a report commissioned by the chancellor, Rishi Sunak, that warns that growing overseas competition and Brexit uncertainty, including the more complex issue of hiring talent from Europe, is threatening the UK’s position as a leader in the fintech sector.