Well, ‘Brexit is Brexit’ as they say, and it looks like it’s going to take a while to finalize details between the UK and the EU. But, no need to panic. Brexit will happen and the two sides will be legally divorced within 12-months.
It might turn out to be a good agreement, or it might turn out to be a bad agreement, or negotiations might go so awry that the UK leaves without any agreement, in which case WTO rules would automatically apply until superceded by bilateral agreement.
Which wouldn’t be too bad actually, because with no time constraints to worry about in the post-Brexit timeframe, and with no concern about loss of face for politicians (on account of missing the Brexit deadline) powerful industries on both sides of the English Channel could then push their respective governments to create a number of à la carte bilateral agreements pursuant to their sector. Secondary and tertiary industries would then follow the lead of the powerful primary industries.
Eventually, every CEO would be heard by their respective government, and elected representatives on both sides would be compelled by fiduciary duty and their own political self-interest to present their case to the other side — a very pure way of streamlining trade between Europe’s (by then) newly divorced economies.
Whichever way it goes, in approximately 12-months Britain will be alone in the world, save for its Commonwealth partners which it hasn’t cherished enough over the past 86-years, but it’s never to late to change that.
In fact, now is the time for the UK to take huge strides forward with its Commonwealth partners and begin to deliberately favour them over non-Commonwealth nations — especially in regards to trade and immigration.
“The latest net migration statistics show that in the year ending December 2016, net migration to the UK was 248,000.” — Migration Watch UK
The majority of immigrants to the UK since 1999 came from eastern Europe and the benefit for British employers is that these workers tend to accept low-paying jobs and (although it is unethical and in some cases illegal; regardless, it still happens) that a farm or factory could terminate the employment of UK-born workers on Friday and on the following Monday hire immigrants who will work for much lower wages. This can save companies significant amounts of money especially in the case where the UK-born employees have years of seniority and full benefit plans.
(Want to save 25% on your annual labour expenditure? Fire everyone below the level of General Manager and fill those positions with immigrant workers. Sure, it may be hairy for a while until the newcomers learn their jobs, but think of the money you’ll save! Even with having to pay significant severance pay to UK-born workers that have seniority, and maybe a bit of ‘hush money’ to those pink-slipped workers — over time the company will show better profits. If you think this hasn’t been done, you’re naive in the extreme. Whether it’s legal or not, whether it’s ethical or not, or whether it’s the ‘right thing’ for Britons to do to their own countrymen and countrywomen is a completely different matter)
In the end it hurts the UK economy, although it does help UK businesses to earn higher profit, much of the money earned by the immigrants is sent to their families in eastern Europe or wherever they migrated from.
The name for these kinds of transactions is ‘foreign remittances’ and billions of pounds sterling leave the UK economy for foreign nations every year. That money is gone and is never returning.
The amount of wealth leaving the UK every year via foreign remittances is astonishing and may total as much as £20 billion annually (or more) and as the accounting is imprecise, it’s almost always found (years later) that the estimates were extremely low.
The UK is one of the Top-Ten foreign remitting countries in the world
In some countries with heavy remittances from the UK, the amounts are so large that their national GDP is affected. Certain developing nations receive up to 6% of their national GDP via foreign remittances, and the UK is one of the top-ten foreign remitting countries in the world.
Think how much money Britain’s governments (Labour and Conservative) have allowed to leave the UK via foreign remittances over the past quarter century…
Wouldn’t it be smarter to lower immigration from non-Commonwealth nations?
Why, yes it would. It would be much smarter.
Commonwealth nations have historic links with Britain and it looks better when former colonies (and new Commonwealth members that were never colonies of Britain) are faring well thanks to British largesse.
Following is a short list of UK benefits if immigration from non-Commonwealth nations is reduced, while increasing immigration from Commonwealth nations:
- Tens of billions of pounds sterling will no longer leave Britain annually to be used by non-Commonwealth countries
- Those foreign remittances from the UK would go to Commonwealth nations instead of non-Commonwealth nations
- Commonwealth nations might then choose to source more military equipment, machinery, etc. from the UK
- Commonwealth nations with boosted foreign remittances are more likely to stay within the Commonwealth
- Immigrants to the UK from Commonwealth nations are more likely to understand the British worldview
- Commonwealth immigrants to the UK are likely to integrate well into British society
- Commonwealth nation citizens will have a better opinion of the UK and of Britons
- Commonwealth nation economies will see a corresponding economic benefit
- UK GDP would increase, as would GDP in the other Commonwealth nations
- Commonwealth nations would become politically strengthened
- Commonwealth links between businesses are likely to increase
- Links between Commonwealth citizens are certain to increase
And that’s just the short list.
Yes, billions of pounds sterling will still leave the UK but at least it will be going to Commonwealth member nations that have a similar worldview to Britons and are nations that are more likely to support British policies instead of opposing them.
If the money is going to leave anyway, the smart money would arrange to keep it ‘in the family’ with countries that don’t have adversarial relations with the UK.
Why should the UK be adding to the GDP of non-Commonwealth nations, when it could be adding to the GDP of Commonwealth nations?
The UK is a member of that organization and membership itself implies that each member should favour other members.
Commonwealth governments, big business and consumers should always try to shop at Commonwealth businesses first, before trying anywhere else. If something can’t be found for sale in your own nation, then try to purchase it in another Commonwealth nation. If it can’t be found at all, then maybe it’s time for member nation businesses to pool their resources and build/sell that product.
The UK should cut immigration from non-Commonwealth nations and make it one order of magnitude easier for Commonwealth nation citizens to immigrate to Britain.
While the total immigration levels might stay the same (however, UK immigration loads should be lowered to a maximum of 200,000 per year) the definite bias should move quickly towards Commonwealth nations and NAFTA countries.
Commonwealth citizens should have UK visas fast-tracked after Brexit, MPs argue (The Telegraph)
Up to 200,000 immigration applications from Commonwealth and NAFTA nations should be accepted each year via a simple online form, a successful criminal records background check, and payment of an immigration fee of £100 per year.
One for all, and all for one!
Instead of strengthening people and nations that have no interest for or against the UK, Britain should quickly move to support Commonwealth members and NAFTA countries.
In this way, countries that are pulling for the Britain’s success will be rewarded by Britain — and vice versa.
The UK should respectfully request NAFTA associate membership the moment Britain formally leaves the EU. And within 5-years, all other Commonwealth nations should make the same request of NAFTA.
That’s how you Build a Better Britain, Build a Better Commonwealth and Build a Better NAFTA!