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FT News Briefing

Venezuela votes for a land grab in Guyana

Dec 5, 2023
09:35
Snipd AI
UK plans to reduce immigration, Venezuela claims territory in Guyana, US funding for Ukraine running out, preview of new season of Hot Money podcast on European cocaine trade.
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Podcast summary created with Snipd AI

Quick takeaways

  • UK government aims to reduce immigration by 300,000 people annually, raising minimum salary requirement for skilled worker visas.
  • Venezuela attempts to assert its claim over two-thirds of Guyana in a bid to distract its population and boost Maduro's popularity, fueled by the discovery of offshore oil reserves.

Deep dives

UK Government Plans to Cut Immigration by 300,000 People Annually

The UK government aims to reduce immigration by 300,000 people each year, making it harder for companies to hire foreign workers. The government plans to raise the minimum salary requirement for skilled worker visas to nearly £39,000 per year. This move comes as net migration reached a record high in 2022, putting pressure on Prime Minister Rishi Sunak ahead of next year's election.

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