Brits Not Getting British Jobs?
According to official figures, a staggering 80 percent plus of jobs were given to individuals not born in Britain. Last year, figures were 173,000 for those getting jobs not born and bred in the country with only 39,000 (less than one in five) being given to the Brits.
Foreign Immigration Issues
This leads to the question about how much foreign immigration should be allowed to come into Britain. According to Sir Andrew Green (from the think-tank MigrationWatch), “these numbers point out the importance of controlling foreign immigration and of driving up the skills of British workers and the incentives for them to take the jobs.”
Britain’s Road To Recovery?
But ultimately what does this all mean for Britain trying to get out of its economic slump, along with the rest of the world? Apparently not great. Such figures are painting quite a “bleak picture of a jobs market struggling to recover from a deep recession and facing a faltering recovery.” Indeed, it has been the “jobless and joyless recovery,” according to chief economist at the Institute of Directors, Graeme Leach. Unemployment in Great Britain has not reached this high in 17 years, standing at 2.53 million.
Japan’s Tsunami Impacting Britain’s Economy
The timely question being asked now by Brits, is how is Japan’s recent tsunami crisis going to further impact the money in their pockets? According to managing director at Chelsea Financial Services Darius McDermott, “Japan has always been a cheap market and the tragic events of the last few days have reduced prices further.” He thus advises “putting money into [the country’s] companies actually helps support its economy,” thus urging Brits not to shy away from doing just that in the face of Japan’s tragedies.
In conclusion, Britain can clearly be accused of creating some of its own economic problems. Being paranoid about how it will be impacted by economic issues throughout Asia is not productive or constructive. It is time to band together to help the entire world move through the global economic crisis successfully as ultimately this is the way all countries will reap the most benefits.
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