Half of British pubic support more immigration of highly skilled workers, poll suggests | The Independent

This is an important read in the Independent citing new research from Ipsos Mori and Kings College. Surprisingly, half of the British pubic now support more immigration of highly skilled workers.

Source: Half of British pubic support more immigration of highly skilled workers, poll suggests | The Independent

As the realities of Brexit sink in, I sense that the penny is beginning to drop for many Brexit supporters. Real wages will continue to be frozen and there will be a continued cull in public servicers in response to lower national output. Highly skilled immigrants are essential to keep the economy going – UK labour seemingly can’t compete in skills, productivity and motivation. Meanwhile, I struggle to see the indigenous work force ready to match immigrants in lower skilled jobs.

The bottom line is that Britain’s young will suffer, especially those without advanced education and skills. The winners will be the fortunate minority who are lucky enough to inherit property wealth from grand parents.

Thoughts?

 

IFS warns of biggest squeeze on pay for 70 years over Brexit | Business | The Guardian

The Guardian cites a respected thinktank saying that UK’s withdrawal from EU will stoke inflation and peg back wages to below their 2008 level in 2021.

Source: IFS warns of biggest squeeze on pay for 70 years over Brexit | Business | The Guardian

Of course, the squeeze on pay is only half the crisis. There’s also the continued culling of public services as central and local government adjusts to lower projected national income.

Regular readers will know that this blog has repeatedly warned of the economic consequences of Brexit. But the people listened to the Pied Piper and now they must take the consequences.

Thoughts?