UK Tories provoke immigration storm

Cripes, from Bloomie:

If Prime Minister Theresa May gets her way on immigration, Victor Villar says he might just leave London.

The 31-year-old Mexican portfolio analytics consultant is among the many foreigners in the City who are reeling from the government’s proposal to force companies to reveal how many non-British workers they hire as a way to push them to put natives first.

…Home Secretary Amber Rudd this week proposed to punish banks and landlords who fail to make checks on foreigners doing business with them. It’s part of the government’s strategy to address public concerns about immigration that were laid bare by the U.K.’s vote to quit the European Union.

A YouGov poll on Wednesday of 5,875 adults found that 59 percent of people support those policies, showing that Rudd and May are in tune with voters. That is of little comfort to the swathes of foreign-born Londoners, many of whom have become naturalized British citizens. For some, there are parallels with pre-World War II Germany.

“I can’t help but flash on the 1930s and early 40s,” said Paula Levitan, an American lawyer at Bryan Cave who’s lived in London for 16 years and has acquired a British passport. “Are we going to have to wear badges on our arms?”

Australian pollies take note. Ignoring the losers of immigration policies threatens the very golden goose you champion. The backlash is global and it is out of Pandora’s Box. Australian needs a population plan to head this off now:

  • a return to historic levels of immigration (which is still high!);
  • comprehensive plans for addressing high immigration congestion areas;
  • a complete ban on foreign donations to political parties, and
  • proper policing of foreign buying in realty.

There is no time to waste here. This is moving fast and the drivers are deepening:

  • no matter who wins the US election there will be more protectionism, though Trump will certainly be more immigration hawkish;
  • Brexit will accelerate in Q1;
  • there are almost certain to be more terror attacks in Europe and it faces huge political pressures to close its borders;
  • step one in Italexit threatens in December;
  • Fraxit threatens mid-2017 with National Front riding high in the polls;
  • even Angela Merkel is in trouble for the German election in later 2017;
  • Canada is moving to systematically bolster its defenses against Chinese capital flows that are triggering local alienation.

Get ahead of it, pollies. You can have a moderate and managed response now or an extreme and chaotic reaction later.

David Llewellyn-Smith
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Comments

    • Globalisation, as currently implemented, is the problem. Globalisation as “…the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. ” is a process that will continue as it has been around since the beginning of humanity.

      • “Free enterprise” and “private corporations” are all about grabbing what you can get for profit.

        By letting this naturally coalescing process roam free globally, it is only natural that globalization will agglomerate all the profits to a very few.

      • rj2k000, not arguing with you about that, but the trend doesn´t change. We reached a point 10-15 years ago when laws and regulations had to catch-up with the undesirable effects of globalisation (global tax haves, mass migration, environmental degradation, etc). Instead of taking the opportunity to fix these issues, governments worldwide continued applying old remedies to new paradigms (as well as some old fashioned currency wars). Since this hasn´t worked, people now are seeking answers from the opposite bunch, who also want to apply simple solutions to complex problems (blame “the others”).

    • Until recently, globalisation meant allowing Richard Branson to own a domestic airline in AUS and allowing a Singapore firm to own a domestic airline in AUS. Thus increasing competition.

      It did not mean mass immigration.

      • Don’t think so… Globalisation has always contained some element of free movement of labour. Labour like capital flows to where it is needed.

        All this is about the Nation State fighting back against the Market State, which was in the ascendency. What’s not clear at this stage is how this anti immigration and globalisation stuff will affect the compact between right wing politics and business. Because business is squarely on the side of more immigration and more globalisation.

      • What’s your definition of “recently” ?

        This mass immigration stuff has its roots in the moving of factories to “cheaper” countries. People coming back the other way are just being used to do the same thing to jobs that can’t be offshored.

  1. May is an interesting leader to watch. She appears streets ahead of the mediocrities we have here. Time will tell.

    • I’m starting to quite like her! Wish someone would make tough decisions like that over here with more conviction. Bring back Abbott lol..

    • Might be that rarest of animals a small ” c ” conservative. Thought they were extinct. Central Banks have been set up to take the blame for what is coming. Google, Facebook, Uber and friends will be caught up in the blowback as well.

    • Let’s see how long she lasts once business turns on her and her party. Not saying that I necessarily disagree with her view but I don’t think there’s any chance that the EU gives up market access without free movement. And that’s not going to be popular with many traditional Tory supporters.

      http://www.bloomberg.com/news/articles/2016-10-07/rude-awakening-in-the-u-k-over-brexit-costs-send-pound-tumbling

      “It dawned on investors this week that when it comes to quitting the European Union, safeguarding the economy isn’t Prime Minister Theresa May’s top priority.

      With the premier signaling that a crackdown on immigration took precedence over membership of the bloc’s single market and European leaders hardening their position, traders responded by driving the pound to its lowest against the dollar since 1985. Following an overnight plunge in Asia, the currency is wrapping up its worst week since the June Brexit vote.”

  2. I’m reeling from the fact that Bloomberg thinks it is like Nazi Germany for a nation to want to know how many foreign workers it has in its building!!

    • Not Nazi (yet), but it is not right either. If the employees were approved by the previous government, then suck it up. change your rules for future employment and Bob´s your uncle. Making lists is a slippery slope. Shall pubs also list their Aussie and Kiwi employees? A wall of shame maybe? Should they let them go to meet the new order? Two wrongs don´t make a right. TM wants a quick fix to get the UKIP off her skirt and it will backfire.

      • Hi Jason Yes I agree My dislike of retrospective legislation is pretty sharp. A long time ago in the days of ‘Bottom of the Harbour’I heard it described as retrospective’i indignation’and i think thst is correct. Nevertheless I find the Bloomberg stance uiper hypocritical though unsurprising. They are part of Clintons non-deplorables!!!

      • Yep. That is the problem
        Firstly there are the “chicken littles” (like MB and most who dwell here) and they are ignored until the sky does crash down and suddenly the pendulum swings all the way. Hopefully governments will get their act together…

      • DodgydamoMEMBER

        From my experience in London most people working in pubs were doing so illegally (paid cash no tax) many more Polish than antipodeans as they will work harder and put up with worse living conditions. The very same sort of thing that made Brexit so popular in the Midlands

    • That was some speech!

      “……If corporations abuse tax law it is because politicians wrote tax laws that could be abused”. They must have that franchised revolving door thingy too……

    • QE does not work. Helicopter money does work according to the right wing hero Mr Milton Friedman.

      But helicopter money goes directly to the poor and a lot of LNP fans hate the poor.

      • Jumping jack flash

        The problem with helicopter money in an outsourced, service economy is that, sure, it does benefit the poor the most, and sure, maybe the poor are hated, but the helicopter money doesn’t stick. It swirls around a little as it gets spent at Harvey Norman, and then a bit of it goes into old Harvey’s pocket, and the rest goes overseas to pay for his next order of inventory.

        And, as an example of the “swirl”: His workers may get a bit of a bonus when they make a few more sales, and they can pay their rent, buy food, whatever, but invariably it all ends up spent on something imported and all ends up overseas .

        Without a solid manufacturing base, the buck doesn’t stop here.

        Giving a blood transfusion to someone with a leg cut off and bleeding. It gives the illusion of improvement, until it stops and they continue bleeding out.

  3. Getting rid of portfolio analytics consultants (whatever they do) sounds like a bloody great idea to me, regardless of whether they’re from Mexico or native born. And the other one living in fear of the knock from the Gestapo at 3am was an American lawyer? Bwahahahahaha….you’d be hard picked to find two more unsympathetic examples of foreign workers. Your average Pom is probably sharpening his pitchfork after reading that article.

    More power to Ms May’s arm.

  4. If PM May is not corrupt, why did she approve the construction of a new nuclear reactor?

    The price of electricity from that reactor would be horrific – when batteries are getting cheaper and cheaper every year.

    I mean, would she really cut immigration if she is a puppet?

    • You perhaps should check the UK experience with renewables during difficult times. You can’t call people corrupt just because they disagree with your own viewpoint. You might think they are wrong …even stupid if you like. But that is a whole different ballgame to çorrupt”
      Batteries may or may not become an emergency proposition which will power a nation when the windmills aren’t producing and the place is covered in thick cloud – a situation which may last a week in frigid conditions.
      Just to me it looks extremely unlikely – but that’s just me. I’ve seen no concrete evidence anywhere that the scale of such a battery project is likely within any forseeable time frame.

    • Batteries are storage, not generation. You have to produce it to store it.

      The risk they are mitigating is a potential price rise or cut of the Chunnel cable from France.

      • Myne, cut the paranoia. They are replacing their coal baseload with nuclear. Also their current nuclear stations are reaching their golden years (or senescence, like pretty much all infrastructure in the UK) and a nuclear stations takes many years to build. They have no choice.

    • Realpolitik. Nuclear is expensive however UK needs China and French goodwill for upcoming trade negotiations. Additionally UK is massively reliant on gas fired power stations at the moment which has been brilliant given low cost of gas, but this could change. Nuclear provides some diversification.

    • The main reason for nuclear is global warming. All countries must slash their CO2 levels. The easiest and cheapest way to do this is by building nuclear power plants. They are cheap, their power generation is stable (which is close to impossible with windmills and solar panels) and they produce almost zero CO2. And last but not least. Nuclear power plants are sort of collateral for nuclear warheads support

  5. TailorTrashMEMBER

    And Tones is an Anglophile of the first order………I’ll bet he is dribbling on his pretzels watching the very confident Mrs May on telly ……….

      • TailorTrashMEMBER

        Never get anywhere in the UK Tories …..would always be a ” colonial ” …….sort of chap who turns up to a weekend shooting party in black wellies or the wrong sort of tweed ……….might have got an Oxford Blue ……but the poor chaps’ not Eton or Harrow you see ! ………..na! ….our Tones is better off in the bush capital .

      • “has he got a British passport?”

        He had to renounce his British citizenship to become a member of Parliament. Dual citizenship isn’t allowed.

    • rob barrattMEMBER

      The problem for Tone is: May doesn’t drop monumental gaffes at regular intervals, and she doesn’t listen to only one confidante at the expense of the rest of her cabinet. It’s not a winning formula,

  6. Get ahead of it, pollies. You can have a moderate and managed response now or an extreme and chaotic reaction later.

    Australia is often the last idiot on the block. As with our noncompetitive economy and mega housing bubble we’re convinced that some sort of exceptionalism means every other movement across the western world somehow won’t happen here.

    Anyway, good call and long live Macrobusiness, Bringer of Change!

  7. We could just beef up Fair Work Australia and the ATO. If the employers who exploit the tourists, working visa holders and recent immigrants were identified and prosecuted to the full extent of the law then Australia immediately becomes less attractive.

  8. I sense that there is a growing awareness about the impact that rapid, immigration fueled population growth has on a nation’s ultimate sustainability and resilience in the face of external threats, as well as the endogenous threats that growth of that nature bring.

    People are becoming weary of the old ‘racist’ chants and other name calling like doomer or Malthusian that are often used to shut down discussion. The Greens are very experienced at this, conflating a global refugee issue with immigration and then moving towards techno-fantasy about a hoped for future.
    When Sustainable Australia ran with a logo featuring ‘Reduce Immigration’, it was picked up by MSM as the anti-immigration party! Well, if most people see a need to stabilise population as soon as possible, lets talk about how to achieve that while maintaining record rates of immigration!
    It is time for leadership.

    If one of the main political parties could come up with a sustainability driven population policy, I think that it would be bowled over by support.

    • rob barrattMEMBER

      Well yes. Mind you we’re still only embarking on our journey of political correctness, Identity politics etc. The Regressive Left won’t let the facts slow them down. Their kind of outlook is actually a mental condition that appears to be both malign and highly contagious.

  9. Globalization is Monetizing the Orb out of slavish doctrinaire beliefs…

    “3. Neoliberalism and the Orthodox Economist

    One thing that has impressed itself over the course of my career is the incredibly blinkered and inadequate understanding of politics amongst many trained economists. I have repeatedly insisted that the rise of the Neoliberal Thought Collective cannot possibly be understood narrowly as an offshoot of ‘economics’ as such; rather, it is a general philosophy of politics and the meaning of life. [21] Reading Professor Vernengo, I despair of ever really managing to get this across to trained economists.

    I feel like I have spent my entire life attempting to uncover the actual history of neoclassical economics: its origins in 19 th century physics; it’s curious revulsion from indeterminist currents in the natural sciences; its mutations on both the left and the right; its hybridization with the military and operations research; its symbiosis with the computer; and lately, its conversion to a theory of “information” and an engineering set of ambitions. If there is anyone who appreciates the shape-shifting character of this hybrid ‘orthodoxy,’ it is me. So in one corner, we have this mutant which stridently denies its own hybrid character, and pretends to a fake unified political heritage dating back to Adam Smith. On the other, we have the rise of the NTC, itself an amalgam of three or more individual schools of thought—the Austrians, the Ordoliberals, and the American Chicago School. Now, if anyone wants to make strong reductionist statements about this squirming warring mass of doctrines, to the effect that any conceptual differences don’t matter, then they are welcome to risk their reputation as a serious thinker. In the current climate, where not just doctrinal history but even economic history is banished from the economics curriculum, nothing I can do or say can prevent the further debasement of economic discourse.”

    http://www.nakedcapitalism.com/2016/05/philip-mirowski-this-is-water-or-is-it-the-neoliberal-thought-collective.html

    Disheveled Marsupial…. AKA… TINA…

      • Globalization – is – based on a few subjective biases in order to forward an ideological agenda, if you read the link, that might help. This is simplified by the acronym TINA of which everyone should be quite familiar with imo, because it denotes a theoclassical approach to all political and economic events regardless of any evidence to the contrary e.g. doctrinaire beliefs.

        Disheveled Marsupial…. just popping a – ? – in the middle of nowhere is just a bit of blog shlock….

  10. Liking the Friday news from MB. Some excellent positive developments starting to happen in the world (except here!).

  11. 13% of UK is foreign born and they voted to cut immigration to 100,000/year while 28% of AUS is foreign born and the 2 major parties are continuing the mass immigration program!

  12. High income foreigners think that cutting immigration to 100,000/year = holocaust?

    What a joke.

    Britons, Aussies, Americans are sick of people coming in to work for illegal wages. That is what I hate. Like greyhound racing was banned, the 457 visas need to be banned or slashed by 99%.

  13. kiwikarynMEMBER

    The UK can just ship all their undesirables to Australia, who will let them in so long as they have potential to buy a house. Its not 1940 so much as 1840.

  14. Jumping jack flash

    “I can’t help but flash on the 1930s and early 40s,” said Paula Levitan, an American lawyer at Bryan Cave who’s lived in London for 16 years and has acquired a British passport. “Are we going to have to wear badges on our arms?”

    Pfft! Scaremongering at its finest!