Bloomberg Daybreak: Europe Edition UK-EU Deal Divisions, European IPO Hopes, British Visa Scams Exclusive
May 16, 2025
Lucy White, a Bloomberg Businessweek reporter, investigates the exploitation of migrant care workers in Britain, shedding light on horrific visa scams that have siphoned off millions from those seeking jobs. She discusses ongoing UK-EU negotiations, especially around immigration and defense, and the political complexities faced by Keir Starmer. The conversation touches on the potential resurgence of European IPOs amid easing market volatility and highlights the government’s struggles to protect vulnerable workers amidst flawed immigration policies.
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Persistent Brexit Standoffs
- Brexit-related issues still complicate UK-EU relations despite attempts to reset ties.
- Defence, fishing rights, and migration remain major sticking points ahead of the summit.
Complex UK-EU Deal Layers
- The UK seeks inclusion in the €150 billion EU defence fund but faces demands linking it to fishing and migration deals.
- What started as a defence pact now includes multiple complex issues, limiting a clear agreement.
Care Worker Visa Scam Story
- Migrant care workers are sold fake certificates of sponsorship for UK jobs, violating international law.
- Proceeds from these scams fund luxury purchases such as Range Rovers and property investments.