The UK government has revealed reforms to so-called golden visas for wealthy overseas investors, tightening up the regime modestly but making concessions for those wanting to start businesses.

There was relief that the whole system has not been dropped, following the fiasco last year when the Home Office announced its suspension over corruption fears before suddenly backtracking days later.

Under reforms to the Tier 1 (Investor) scheme, applicants will now be required to prove they have control of the £2 million they are required to have for two years, rather than 90 days, or provide evidence of the source of those fun...