The government is proposing a pilot scheme starting in November to ask visitors from India, Nigeria, Kenya, Sri Lanka, Pakistan and Bangladesh to pay a cash bond of £3,000 for a visitor visa that allows them to stay in the UK for up to six months.
Author Archives: Ranjit Sidhu
Something strange has been happening in stock markets since 2008: they have been going up. Not just up, but absolutely flying. Through the prolonged failed recovery, unemployment, an investment crisis, the Fukushima crisis and the EU debacle, Wall street, still the market all else look to, has doubled in value.
With its intellectual justification in tatters, this government’s policy must change direction before it’s too late
The policy of austerity is finally dying with Europe and even the monetarist IMF realising their folly recently. With its intellectual justification in tatters this government’s economic policies must change right now.
The files released from the International Consortium of Investigative Journalists (ICIJ) may finally put faces to the offshore accounts scandal whose numbers are quite astounding.
A recent report by the Tax Justice Network found that the equivalent to the total combined GDP of U.S. and Japan is being hidden away by those rich enough to use offshore accounts.
Of all the decisions the chancellor has made, the one he may be regret the most is making the Office of Budget Responsibility (OBR) independent.
What this Budget has done is entrench this chancellor’s misguided policy and has squandered the opportunity of the last three years to significantly invest in UK infrastructure to make the country fit to compete in the 21st century.
We must be watchful of a spinning of facts by this government to justify its policies. Nowhere has this been more apparent than when Cameron and co talk about government borrowing.
With evidence overwhelmingly pointing to the need for demand boosting measures to kick-start the economy, we need to ask City economists the same question that John Maynard Keynes asked when challenged about his change in economic policy to tackle the Great Depression in the 1930s:
“When my information changes, I alter my conclusions. What do you do, sir?”