The Guardian (November 19)
“The Home Office has announced another set of measures designed to signal ever more ferocious intent to control the nation’s borders.” This is a mistake, apparently to appease “the irate chorus that fulminates against perceived inundation by foreigners.” It overlooks the reality of declining migration and logical outcomes. “With migration patterns simply following the current [downward] trajectory,” undesirable consequences need to be addressed. Who will provide social care when the already “struggling sector” is facing “a mounting recruitment crisis”? Without students from overseas, “many universities… will be pushed over the brink.” On top of it all, the contracting ratio of working-age adults will make growth ”harder to achieve” and decrease “Treasury revenues… with painful fiscal consequences.”
Tags: Borders, Consequences, Control, Ferocious, Foreigners, Home Office, Migration, Overseas, Recruitment crisis, Revenues, Social care, Students, Treasury, Universities, Working-age
Financial Times (April 19)
“India’s currency has swung from emerging market leader to laggard as the country battles a ferocious wave of coronavirus infections, prompting concerns among global investors that a nascent economic recovery will crumble.” During Q1, the rupee was “the only emerging market currency to gain ground on the dollar.” Since April, it has plummeted 3%, “the worst performance” of its peers.
Tags: Coronavirus, Currency, Dollar, Economic recovery, Emerging market, Ferocious, India, Infections, Investors, Laggard, Leader, Nascent, Rupee, Worst
