The challenge of migration

Migration – the movement of peoples away from the country of their birth – is a feature of the modern world. In itself it is often positive for the person migrating, and can also be positive for the country they migrate to. But when termed Immigration rather than Migration, and when viewed from the viewpoint of the recipient country’s host population, it is more often seen as problem, and can lead to very divisive politics, with many in the West in particular overtly hostile to immigration and immigrants. What, if anything, can be done about this?

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The Bank pauses

Last week finally brought some rather better news for the UK economy, as the latest inflation figure came in below both the previous month’s level and the market’s expectations. The Chancellor responded with a statement that “the plan is working”, and the Bank of England paused its interest rate increases and left its key lending rate unchanged – the first time it has done so in nearly 2 years.

Those are the headlines, and without doubt it is a step in the right direction. But there are rather a large number of caveats before we can declare victory over inflation.

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