TAGGED IN

Uk immigration

    UK announces new reforms to immigration with focus on reducing abuse

    The UK government announced on Monday new reform policies to tighten immigration rules, in a White Paper titled “Restoring Control over the Immigration System,” which was presented to parliament. The new rules focus on reducing international recruitment, visa and asylum rules, and citizenship. The new rules have raised the requirements for skilled worker visas, citing that “overseas recruitment” and a “shift toward lower-skilled migration” can be attributed to steep increases in UK migration. It linked this to a “significant” increase in “visas for dependents” between both skilled workers and international students. In its press release, the government addressed “over complex family and private life immigration arrangements,” and noted its intention to establish a new family policy that will, among other things, ensure that only “genuine subsisting relationships” qualify for family migration and protective measures against domestic abuse and forced marriages are included. The government also aims to create legislation to clarify the parliament’s decision-making role in cases where Article 8 of the ECHR — the right to family life — is raised to prevent deportation. The government also announced stricter policies around asylum. It says that “tighter visa controls, restrictions, requirements or scrutiny will be applied” to prevent abuse of the asylum system. Notably, new rules will apply where the situation in an applicant’s home country has remained materially unchanged, “particularly where they have claimed asylum after arrival.” One of the more notable changes is the change to settlement and citizenship rules. Prior to the new measures, migrants could apply to “settle” in the UK after five years. However, this has now been doubled to 10 years. The government also announced further plans to “expand the points-based system to both” “settlement and citizenship rules” so that an individual’s “contribution to the UK” is considered. These policy changes come as part of the UK government’s plans to reform immigration and address the asylum backlog. Immigration has been a contentious topic for some time, highlighted in the UK’s exit from the EU. Prime Minister Keir Starmer says in the White Paper foreword: “[i]nward migration exploded to over a million people a year- four times the level compared with 2019. […] The damage this has done to our country is incalculable. Public services and housing access have been placed under too much pressure.” This supplements the Border Security, Asylum and Immigration Bill, which is due for its first reading at the House of Lords on 13 May 2025.   The post UK announces new reforms to immigration with focus on reducing abuse appeared first on JURIST - News.

    China And Covid Fears Affect Financial Markets

    China and Covid fears affect markets, with Asian stocks mostly down, and the FTSE 100 falling on the open. Brent crude has fallen back and is hovering around $87 a barrel. Confederation of British Industry calls for immigration to be harnessed to help growth. Shock CEO shuffle at Disney with Bob Iger now back in charge. Cryptocurrency exchange FTX owes its 50 largest creditors almost $3.1 billion. Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues Q3 2022 hedge fund letters, conferences and more   China Covid Fears Financial markets have caught a cold amid worries that mounting Covid cases in China and a fresh tightening of restrictions will send a fresh shiver through manufacturing output and push down demand for raw materials. Outbreaks across the country clustering in mega cities like Beijing and Guangzhou are dashing hopes of an easing of the strict zero Covid policy. Oil has continued to march downwards, with Brent crude scuttling to around $87 dollars a barrel, after the 10% fall last week. The worsening situation is coming at a time of fears of flu outbreaks, which is putting fresh pressure on commodity stocks, with mining companies feeling more pain in trading today. But the global wheels of trade are not yet slowing enough to stop inflation in its tracks in other economies such as the US, the UK and across the eurozone. Fresh warnings have come from American central bankers that interest rates will still have to be ratcheted up, given that there are big pockets of resilience, and a tightening of monetary policy isn’t yet bringing down the insidious price spiral. The Federal Open Market Committee Meeting minutes will be closely watched on Wednesday for any fresh clues about just how high policymakers expect rates to go, and whether another super-sized rate rise is still on the cards. Although the pace and size of hikes is expected to slow, the prospect that higher rates will linger for longer than hoped is adding to recession worries. UK Immigration Call From CBI The dust refuses to settle on the UK’s Autumn statement, with a cacophony of criticism continuing about the lack of a longer-term vision of restoring robust growth to the UK economy, a call from the Confederation of British Industry for immigration to be harnessed to help solve the labour crisis will be closely watched. Although Chancellor Jeremy Hunt has clearly brought back financial stability with a big round of tax rises and spending cut promises, there were few seeds planted for long term sustained investment into increasing productivity either through re-skilling or automation. To fill the labour black hole, the CBI is arguing for more relaxed hiring rules for overseas workers in key areas. This clamour is expected to grow as companies struggle to pay higher wages to attract staff with other input costs also soaring. Unemployment may be forecast to ramp up, but there is a big mismatch of skills and job vacancies. CEO Shuffle At Disney Walt Disney Co (NYSE:DIS)’s big boardroom shuffle has grabbed the corporate limelight, with the return of Bob Iger to the CEO hotseat, and Bob Chapek ousted, taking the industry by surprise. Huge investments into its streaming service mean losses there are eyewatering. Disney+ isn’t’ expected to be profitable until 2024 and although subscriber numbers have been impressive, the rate of revenue growth is expected to start slowing. Theme parks have been propping up the business, and they are clearly highly resilient assets, but there will also be concerns that as a cost-of-living crisis wages in key markets, it could see ticket sales or merchandise revenue weaken. The company wants a shake-up and a change of direction, and Bob Iger, who led the House of Mouse for 15 years is clearly considered to be the best character for the job to throw a sparkle of magic back over the business. The repercussions of the FTX collapse are still reverberating across financial circles, with bankruptcy filings showing it owes $3.1bn to its creditors, with just under half owed to just ten of its largest. Around a million smaller investors are also thought to have incurred deep losses. This is another stark reminder of the dangers of investing in the opaque world of crypto where the rules of the game have not been set and there is so little recourse of action, for speculators who throw the dice with money they can’t afford to lose.’’ Article by Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown

Add a blog to Bloglovin’
Enter the full blog address (e.g. https://www.fashionsquad.com)
We're working on your request. This will take just a minute...