The UK government should create a short-term business visa to allow financial services employees to enter the country without a work visa, a report said, highlighting the “significant” rise in costs and administration for post-Brexit travel.

“To stay competitive, we must have the best global talent,” said Miles Celic, CEO of TheCityUK, in a statement. “Without it, we will not be able to innovate in key growth areas like FinTech or green finance, nor build out our international trading networks.”