Finance workers are pushing for simpler rules for cross-border remote working, the latest sign that the pandemic-fueled appetite for flexible work isn’t abating.
The UK government, which launched a review into cross-border working rules earlier this year, should adopt common standards around tax, immigration policies and regulatory oversight, according to a report by the City of London Corporation and consulting firm EY published Wednesday.
Cross-border remote working has risen sharply since the pandemic with 75% of UK businesses surveyed now considering it a “medium-to-high priority” to attract and retain talent. The report was based on a survey of 151 respondents across the financial and professional services industry, including representatives from high-street banks, technology companies, law firms and insurers.
“The risk of doing nothing is potentially significant and could lead to a reduction of the UK’s competitiveness on the international stage when it comes to attracting and retaining top global financial talent,” said Seema Farazi, UK financial services immigration partner at EY.
Photograph: Finance workers are pushing for simpler rules for cross-border remote working, the latest sign that the pandemic-fueled appetite for flexible work isn’t abating. Photo credit: Stefan Wermuth/Bloomberg
Copyright 2022 Bloomberg.
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