India, Oct. 17 -- The United Kingdom is considering a new investor visa for wealthy foreigners as Chancellor John Healey explores ways to attract investment and boost economic growth ahead of the October budget. The proposed route could revive a visa pathway closed in 2022 over concerns about money laundering, although the government has not confirmed any decision.

According to Bloomberg, immigration lawyers say the absence of an investor visa has left some wealthy individuals and entrepreneurs struggling to find suitable routes to settle in Britain. The government faces pressure to attract investment while responding to public concerns about immigration.

The previous investor visa was scrapped by the Conservative government led by Bori...