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Theresa May’s ‘Hostile Environment’ Continues To Harm The British Economy November 12. 2018
Theresa May The self-professed “hostile environment” policies of British Prime Minister Theresa May is hampering investment in Britain. In her unbalanced zeal to make the lives of illegal and legal immigrants to Britain a living hell, she has also damaged the British economy. May has placed such tight restrictions on immigrants via enormously complicating the ability to rent a flat/home, open a bank account, obtain a drivers license or identification, that legitimate business investors are having a difficult time setting up shop in Britain. May has created so many unnecessary hurdles, she has made it difficult to do business in Britain and the chickens are coming home to roost, via diminished economic returns. Bad enough she continues to push through Brexit, Britain’s financially and socially damaging departure from the European Union (Britain is losing trillions). May’s ‘hostile environment’ is leaving a bad taste in business investors mouths, which is a very unwise thing to do. The far right has been cheering on May’s “hostile environment” targeting immigrants, illegal and legal, but those who understand economics know how terrible these policies are to a nation. It’s only the uniformed who will state you don’t need tourism and business investment. These are the same minority of people (the far right) who believe they should not have to pay taxes either, when tax collection is needed to keep a country running smoothly. Every country needs tourism, foreign investments and successful tax collection within its borders. Tourism and foreign investments are a steady stream of national income that pays many bills. Between Brexit and the "hostile environment" two instruments rooted in xenophobia, Britain is losing a fortune and its place in the world. It's time to stop the madness before the damage becomes unbearable. This current hate for all things foreign by May and the far right, when Britain is a nation whose government had ventured all over the world to conquer it, is ironic and unwise. If Britain had not ventured all over the world and had the benefit of foreign help via the Commonwealth, there would not have been an empire. In more recent times, had the European Union not heavily invested in Britain, London would not have surpassed New York as the financial capital of the world. STORY SOURCE UK economy slows sharply as Brexit stand-off takes its toll 14 hours ago - Brexit fears cast a deep chill over UK growth prospects on Monday as Theresa May desperately gropes for a breakthrough in negotiations with the European Union. The latest alarming snapshot from the biggest slice of the economy, the services sector, showed the pace of expansion at its weakest for seven months and new business wins at a two-year low. October’s Chartered Institute of Procurement and Supply activity index, where a score over 50 signals growth, weakened from 53.9 to a far worse than expected 52.2, the worst since March. If that trend continues, the economy is on track for growth of just 0.2% in the final quarter of the year, less than half the pace of the previous three months. Chris Williamson, chief business economist at survey compiler IHS Markit, said the economy’s expansion was likely to “weaken sharply”... |
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