A number of legal and financial services firms in the UK are reportedly planning to microchip their employees in a bid to boost security and protect sensitive areas of the business.

Swedish tech company Biohax International, which provides human chip implants the size of a grain of rice, told the Sunday Telegraph that it is in discussions with several British firms, including one "major" company which employs hundreds of thousands of staff.

Jowan Österlund, founder of Biohax and a former professional body piercer, said: "These companies have sensitive documents they are dealing with.

"[The chips] would allow them to set restrictions for whoever."

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In 2016, entrepreneur and founder of UK-based microchipping company BioTeq Steven Northam became the first person in Britain to be fitted with a microchip.

"I thought it was quirky and that there were interesting things you could do with the tech," he told BusinessCloud in an interview last September.

"I had the chip fitted almost a year ago and recently bought a house, so I thought instead of fitting a lock I’ll fit a swipe-card entry so I can get in with my hand, start my car, all sorts of stuff.

"I didn’t really have any concerns about having it done, it was quite straightforward."

The CBI, which represents 190,000 UK businesses, voiced concerns about the prospect.

A spokesperson said: "While technology is changing the way we work, this makes for distinctly uncomfortable reading. Firms should be concentrating on rather more immediate priorities and focusing on engaging their employees."