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Stock Market Trend Forecast March to September 2019

David Cameron Questioned on Out of Control Immigration at TEN TIMES Conservative Election Pledges

ElectionOracle / Immigration May 30, 2016 - 05:20 AM GMT

By: Nadeem_Walayat

ElectionOracle

When David Cameron took power in 2010 he promised that he would cut net immigration by 2015 to the tens of thousands from the then disastrous annual figure of 205,000, a promise like a mantra he tended to repeat each year, instead the latest data from the ONS shows that net immigration remains OUT OF CONTROL at levels far higher level than 2010's disastrous figure that today stands well above 300k and trending towards 400k per annum. Remember this is ACCUMULATIVE 300k+330k+400k, would total a net immigration population increase of 1 million in JUST 3 YEARS! Which would be in addition to natural population growth running at about 400k per annum.


"Overall, net immigration would be kept in the tens of thousands, rather than the current rate of hundreds of thousands”. Promised David Cameron in 2010.

Therefore instead of net migration during the past 6 years of 120k to 180k. Instead Britain has experienced a mass uncontrolled net inflow of 1.8 million! More than TEN TIMES that which David Cameron was promising! Therefore Britain has had to suffer 1.8 million extra hungry mouths to feed, house and service with no net benefit to the economy due to receipt of in work benefits of upto £26k per annum per household.

The bottom line is that David Cameron's government has repeatedly demonstrated that it has NO CONTROL over Britain's borders whilst within the EU, which means that out of control immigration WILL CONTINUE TO PERSIST and the trend for which is BOTH EXPONENTIAL and UNSUSTAINABLE as the next 6 years could see an inflow of another net 2 million of migrants.

In response to this serial failure to control immigration, Michael Gove, Boris Johnson and Gisela Stuart today asked the Prime Minister to confirm that if people choose to vote 'In', that they are voting for unlimited EU immigration permanently. 

They argue that there is a ‘basic lack of democratic consent for what is taking place. Voters were promised repeatedly at elections that net immigration could be cut to the tens of thousands. This promise is plainly not achievable as long as the UK is a member of the EU and the failure to keep it is corrosive of public trust in politics.’

Dear Prime Minister,

GETTING THE FACTS CLEAR ON THE RISKS OF REMAINING IN THE EU

We all agree that it’s vital everyone is clear about the facts in the EU referendum.

There are real risks in remaining in the EU and every citizen needs to be aware of these in coming to a balanced decision about how to vote on 23 June.

We would be grateful if you could confirm a series of facts about the free movement of people which is a critical element of continued EU membership. Agreement on these facts will enable us all to have a fully informed debate.

We already agree on some basic principles.

We all agree that migration brings many benefits to Britain - culturally, socially and economically. We all agree that our economy benefits from the arrival of new people with great talent and special skills. We all agree that Britain has a proud tradition of offering refuge to those fleeing persecution which must be upheld. And we all agree that if we are to continue to benefit from migration then the public must be reassured that we have control over who comes here.

But our membership of the EU means we don’t have control.

As you know, this week the Office for National Statistics published migration statistics for 2015. Last year 270,000 people came to this country from the EU. Net migration overall was 184,000. That means we are adding a population the size of Oxford to the UK every year just from EU migration. This puts particular strain on public services.

We are particularly concerned about the impact of free movement in the future on public services. Class sizes will rise and waiting lists will lengthen if we don't tackle free movement. As the euro crisis continues, more people from Southern Europe will want to escape unemployment and austerity in their countries by coming to the UK. Their arrival will put further strain on schools and hospitals.

Last year, 77,000 jobseekers from the EU came to the UK. It’s Government policy that ‘EU migrants should have a job offer before they come here.’ But the EU did not agree to letting the UK implement that policy during the renegotiation of our membership.

It's not just the strain on public services which gives rise to cause for concern. We are all committed to improving wages for working people. But continued free movement for jobseekers will place considerable pressure on the wages of low paid British workers in the event of a vote to remain in the EU. This is good for some of the multinationals funding the IN campaign. It is not good for British families struggling to make ends meet.

And the current EU approach to immigration isn't just bad for us economically, it is also bad in security and humanitarian terms.

There is a direct security concern for all of us because the European Court of Justice can interfere with our ability to deport criminals and others whose presence here is not conducive to the public good. The case of Abu Hamza's daughter-in-law underlined the way EU institutions fetter our ability to deport convicted criminals.

Perhaps most worrying of all, the EU's policies are failing in humanitarian terms. The tragic scenes unfolding in the Mediterranean underline how badly the European Union is handling population movements and migration pressures. People smugglers and organised criminals are exploiting this situation and the EU is failing to tackle this trade in human misery.

If we remain in the EU the situation is only likely to get worse. The European Court of Justice can use the Charter of Fundamental Rights to overturn decisions of elected politicians on asylum policy. It is now in charge of how we implement the crucial 1951 UN Convention on Refugees. We need a new approach on refugees but the EU's institutions stand in the way.

There is also the basic lack of democratic consent for what is taking place. Voters were promised repeatedly at elections that net immigration could be cut to the tens of thousands. This promise is plainly not achievable as long as the UK is a member of the EU and the failure to keep it is corrosive of public trust in politics.

Given the public’s desire for the facts ahead of the referendum, we would like you to confirm the following facts:

A vote to remain is a vote to maintain permanently the EU Treaty principle of 'free movement of people'.

A vote to remain is a vote to ensure that we must admit economic migrants from the EU, whether or not they have a job offer.

A vote to remain is a vote to affirm the European Court of Justice’s ultimate authority over whether we can remove persons whose presence in the UK is not conducive to the public good - in this and other respects we do not control our borders.

A vote to remain is a vote to leave the European Court of Justice able to use the Charter of Fundamental Rights to strike down decisions of the UK Government and Parliament about asylum and immigration policy.

A vote to remain is a vote for the UK to continue supporting the EU's failed policies to deal with the tragic crisis in the Mediterranean.

We think that it is fundamentally important that immigration policy has democratic consent. We believe that the safer choice is to Vote Leave on 23 June and ensure that the public can vote for those who determine Britain’s immigration policy.

We look forward to your response.

Yours sincerely,

Michael Gove, Member of Parliament for Surrey Heath

Boris Johnson, Member of Parliament for Uxbridge and South Ruislip

Gisela Stuart, Member of Parliament for Birmingham Edgbaston

BrEXIT New Dawn for Britain!

EU Referendum - Britain Better off LEAVING the EU

Over the past 18 months of analysis I have come to the firm conclusion that on the balance of probabilities that Britain would be far better off in the long-run by LEAVING to the European Union. Yes, there would be short-term uncertainty and some economic pain, but the price of remaining within the EU will be INFINITELY greater as my articles such as this and videos to date illustrate.

For instance research by the SMF/Adecco Group states that if EU migrants were subject to the same visa requirements as non EU migrants then 90% of whom would NOT have been allowed entry into the UK for work! i.e. instead of approx 4.5 million EU migrants since 2000, there would only have been 450,000! Which suggests that following BrExit immigration from the EU could fall by about 90%!

Whilst those who stick their heads in the sand and imagine that the situation will magically correct itself on its own are just fooling themselves, as EU immigration is set to accelerate further due to living wage of £7.20 per hour and set to rise towards £10 per hour, whilst the living wage in many eastern european nations is just £1 per hour, that illustrates that the pull is only going to get even stronger.

Therefore with less than 4 weeks to go and the opinion polls virtually neck and neck on 44%, I have been ramping up our campaign for a BrExit outcome as we enter this last stretch, producing Brexit resources from in-depth analysis, rebuttal articles such as this, many videos, and also active on the social networks so as to do our best to play a part in Britain in securing Britain's long-term future, Britain's very last chance for freedom which you too can help to achieve by supporting the Brexit cause.

Counting Down to Freedom - Support Our BrExit Campaign

And also ensure you are subscribed to my always free newsletter (only requirement is an email address) for forthcoming in-depth analysis and detailed trend forecasts that include the following :

  • BrExit to Save Europe from the Apocalypse
  • US Dollar Trend Forecast
  • UK Housing Market Trend Forecasts
  • US Stock Market Forecasts
  • US House Prices Detailed Multi-Year Trend Forecast
  • Gold and Silver Price Forecast

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2016 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Yuriy
30 May 16, 11:30
how to solve outside EU immigration

I think that the biggest problem is outside of EU immigration, which both sides of campaign choose to ignore.


Nadeem_Walayat
30 May 16, 18:59
Outside EU migration is trending in the right direction.

Out of EU migration IS being controlled, but NOT enough!

It is being gradually, year on year tightened, that is the point the trend is in the right direction whereas EU migration is UNCONTROLLED !

Net Migration must be brought down to the tens of thousands from the current 333k, which means outside of EU needs to continue to be greatly tightened!

The problem is Labour and Conservatives need a kick up the arse to kick them into gear which is what the EU reffernedum LEAVE vote will achive!

IT ALL Starts with a VOTE LEAVE OUTCOME ! Else Britain is Forked !

The holes in the dam need to be plugged! Starting June 23rd!


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