Re: Immigration 2
Immigration results in an increased GDP which is key to maintaining the international credit rating from the likes of Standard and Poor's. It is those credit ratings that international bankers and other investors such as insurance providers use to set the interest rates that they will look for when an issue of Gilts is announced by the Treasury.
But there's a circle that can not be rounded by the British economy other than by invisible exports that are delivered by the finance sector.
What had to take place to raise the GDP is the increased domestic economy by having additional people spending which requires that they should be in receipt of money and therein is the person of co!our in the fuel storage.
Because our domestic economy is hugely biased towards the service sector or delivering tax payers money in the form of benefits and our ballance of trade is insufficient to meet the costs of supporting the costs of an increasing population unblallanced budgets have resulted in budget deficit which means that Gilts have to be sold and those Gilts have to be serviced which adds to the budget cost which in turn means yet more borrowing.
It's why a period of austerity was unavoidable in order to make a dent in the shocking mess that Labour had left behind.
So it's a spiral. And it's going to have to addressed by means that will make Labour and Snowflakes and the like howl with horror, anger, and unfortunately pain.
As Mrs Thatcher used to say, there is no alternative.