The UK government plans to allow high-earning individuals to apply for permanent residency after just three years, according to details shared by Bloomberg, ahead of an official announcement later on Thursday (November 20).

Under the proposed rules, those earning over £125,000 ($163,000) annually would qualify for an expedited settlement process. Entrepreneurs would also be included in the fast-track scheme, as per the report.

The Home Office is expected to launch a public consultation on the proposed changes later on Thursday, with further details to be outline.

Government statement

“Skilled workers, entrepreneurs and high-earners will be fast-tracked to settlement,” Home Secretary Shabana Mahmood said in a written statement. “My message to the world’s brightest and best is clear: you

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