What am I really bid? The small print of the Migration Advisory Committee report

The Migration Advisory Committee (MAC) has released its much-leaked report on the Tier 1 (investor) visa route. The MAC was asked to report on the investment thresholds and economic benefits of the visa route. Much press comment has centred on the proposal to auction visas to rich foreigners, but what does the report really say?

One of the recurrent themes of the report is that investment in gilts, which it appears are the investments of choice for the majority of investor migrants, are of little benefit to the UK. Its recommendations are therefore designed to drive investment away from gilts alone…

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