Here’s an excellent read from the ASI. Whatever your views on Brexit, the evidence on quality immigrants is clear. After Brexit, the UK will still need highly skilled immigrants to sustain living standards. This article suggests a novel approach – to auction work visas. Whilst I go along with the majority of the ASI article, I still have serious misgivings about raising the skill levels and productivity of the indigenous population to make the UK globally competitive – this becomes increasingly important as the risks of a global trade war escalate. Thoughts?
Here’s an excellent article in the WSJ. Although being US President was Donald Trump‘s first political office, he’s no stranger to the Machiavellian black arts, and is consolidating and strengthening his powerbase very effectively – even the Chinese media are grudgingly respecting Trump’s successes. But it’s very much ‘Eyes Right’, America First – these policies will have widespread implications both domestically and internationally. We should expect raised political risk to increasingly impact on global investment decisions and financial markets, possibly curtailing global growth curves. Against this background, the UK’s anemic Brexit induced growth forecasts could soon turn into negative territory, signalling the start of a deep recession. Thoughts?