The UK government unveiled a new fast-track path to residency for high-earners, as Prime Minister Keir Starmer sought to keep a broader clampdown on immigration from turning away skilled workers in the City of London and elsewhere.

Visa-holders earning more than £125,000 ($163,000) would be allowed to apply for indefinite leave to remain, or ILR, after three years, according to changes laid out by Home Secretary Shabana Mahmood on Thursday. That compares with five years under current standards and a new 10-year threshold that the government has proposed as a baseline for visa-holders.

The quicker route to residency — and ultimately British citizenship — would also be open to entrepreneurs who hold Global Talent and Innovator Founder visas. Those earning salaries between £50,000 and £125,

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