System has previously been criticised as a ‘backdoor loophole’ to funnel dirty money into UK
Ministers are preparing to scrap the “golden visa” system that allows wealthy foreign investors a fast track to living in the UK, amid concerns over links with Russia.
Given concerns about how the system is being taken advantage of, and against a backdrop of souring relations with Moscow given its military buildup on the border with Ukraine, the home secretary, Priti Patel, is to axe the residence route.
