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Implications of recent developments in the UK; our 2nd largest market

Blog: NASSCOM Official Blog

In the last few days there have been some developments in the UK such as  the extension of Furloughing scheme, passing of the Immigration bill by Commons and presentation of a draft FTA between EU & the UK. While we continue to watch the developments in these area, below is our analysis on how are these are likely to impact the industry, what should we plan for and areas where NASSCOM will continue to engage.

A brief analysis on some of the recent developments in the UK, our outlook and proposed next steps are below:

The Immigration Health Surcharge increases from £400 to £624 per year, as outlined in the budget in March and also in the Conservative party’s manifesto before last year’s elections. The charge will be extended to include EU citizens and will also be applicable for partners and children. The opposition echoed many of the points made by NASSCOM on whether the surcharge is appropriately directed to the funding of NHS where it is intended to go or acts as a secondary form of taxation on migrants who already pay into the NHS through VAT, income tax, fuel duty  etc. Given the pressure from several quarters, the Government is likely to think of ring fencing the funds, which has been NASSCOM’s long standing ask, and introduce the increase in a staggered phase.

The bill treats migrants from outside of the EU same as those from within the EU – This is welcomed by NASSCOM and something we have pushed for a long time. The bill will now be debated in the Committee stage in the Commons.

UK is our second largest market and the team will continue to engage with the Government on the above areas at the same time highlighting the importance of tech workers; the essential services they deliver and how they are central to any economy’s capability to bounce back from the crisis in the quickest and deepest of manner.

The post Implications of recent developments in the UK; our 2nd largest market appeared first on NASSCOM Community |The Official Community of Indian IT Industry.

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