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Economie
Undercounted and over here
economist.com
02.11.2007

ImageIT IS a tricky topic for right-wing political parties in most developed countries. Raising the issue of immigration at once provokes accusations of racism; but ignoring it goes down poorly with core supporters, for most of whom it is deeply worrying. In the run-up to the 2005 general election, Britain's Conservative Party got it badly wrong, plastering the country with posters trumpeting the truism: “It's not racist to impose limits on immigration”, followed by a sly insinuation: “Are you thinking what we're thinking?” Since neither of the other two main parties was talking about immigration at all, both were free to shoot at this wide-open goal without saying anything on the matter themselves.
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Migrants are a boon to Britain
yorkpress.co.uk
02.11.2007

ImageSOME topics are well nigh impossible to debate sensibly in this country. Two which come to mind are Europe and immigration. The first because the purple-faced brigade start up with the splenetic spitting before you have even got yourself seated. And the second because small-mindedness usually gets in the way. On this occasion, I will not linger on Europe, except to observe that a referendum about anything is usually a bad idea, including the European constitution, if that indeed is what it is. In a parliamentary democracy, you make your decision at a General Election. The far-flung alternative, which some advocate, would be a citizens' vote about every other issue. That would end in political paralysis. Besides, a worrying proportion of the electorate can't be bothered to vote in General Elections, so they are hardly likely to participate in single-issue votes. So referendums don't get my vote.
Now to immigration. Even the word itself is inflammatory to an extent. Is what we are now seeing in Britain immigration or economic migration? Is it a one-way flow in our direction, or merely part of the free movement of labour and capital within an expanded Europe?
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Immigrants Take Over UK Jobs
thestatesman.net
01.11.2007

London, Oct. 31: It’s official. More than half of all new jobs created in Britain during the last decade have been snapped up by immigrants.
According to figures released yesterday, out of 2.1 million jobs created under the Labour Party government since 1997, 52 per cent went to 1.1 million migrant workers, the media reported here today.
The data came just days after a government study had revealed that “migrant workers are both higher paid and more reliable than their British counterparts, and contributed six billion pounds to economic growth last year”.
“The research showed that in the long run, our country and exchequer are better off with immigration rather than without it,” British immigration minister Mr Liam Byrne was quoted as saying.
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Why limiting immigration is bad for Britain
ft.com
01.11.2007

ImageIt has been a busy week for ­immigration stories. But amid the claims and counter claims about statistics, there is a ­worrying political trend emerging if you look through the smoke and mirrors.
After years of growing immigration, Britons seem more anxious than ever about the scale and impact of immig­ration. Responding to this public concern, both main parties are eager to outdo each other in convincing voters that they can reduce the number of newcomers from outside the European Union. The government and the opposition are engaged in an “arms race” on stricter admission criteria and seem to agree that explicit or implicit annual limits on the numbers of economic migrants are the way forward. But what may seem like a politically attractive strategy in the short term is likely to be operationally impractical, economically painful and politically toxic if this race runs its course.
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UK house price growth 'picks up'
BBC News
31.10.2007

ImageUK house prices rose at their fastest rate in four months during October, mortgage lender Nationwide has said. Prices rose 1.1% in October from the previous month, taking the average house price to £186,044, it said. On an annual basis, house prices rose by 9.7% from the same month in 2006, up from September's figure of 9%. However, the Nationwide said that it would be "misguided" to view the rise as proof that house prices were immune to problems in the financial markets.
Propped up
House prices in the three months to October rose by 1.9% compared with the previous three months, up from September's figure of 1.7%. The three-month on three-month figure is often seen as a more accurate gauge of underlying price movements.  According to the Nationwide, house prices are currently being supported by a number of factors, including the low level of properties coming onto the market.
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