Visa reform chaos | Deloitte, HSBC & KPMG withdraw job offers to foreign graduates

Deloitte, HSBC, and KPMG have withdrawn job offers to foreign graduates who have studied at UK universities following an increase in the salary threshold for a skilled worker visa.

This move follows the government increasing the salary threshold for skilled worker visas from £26,200 to £38,700, and to £30,960 for workers under 26 years old.

According to the Financial Times (FT), HSBC’s revoked job offers have impacted graduates that would have worked in their Sheffield office. Reportedly, these foreign graduates were set to join in July, and so had come to several work events and been assigned a ‘work buddy’.

“I had three other offers that I rejected… Having spent £50,000 on attending university in the UK, I now have to go back to my home country,” said one graduate to the FT.