A man cleans up Whitehall. EPA
A man cleans up Whitehall. EPA
A man cleans up Whitehall. EPA
A man cleans up Whitehall. EPA

What does 'global Britain' mean if all the foreigners leave?


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Data reported by the official UK's official statistics body suggests that 594,000 foreign workers have left the country in the past year.

It is a staggering figure, and it is reasonable to approach it with a degree of scepticism. Reliable data is difficult to gather amid a pandemic. But if the UK is serious about creating a post-Brexit “Global Britain”, these numbers indicate a trend that should trigger concern in Whitehall.

This has, of course, been a uniquely tough year for the whole world. But the UK’s especially chaotic handling of the ongoing coronavirus pandemic, and its economic impacts, has dissuaded many non-Brits from pursuing work or other prospects in the UK.

One hugely profitable sector that has ground to a halt is hospitality, given its close links to the tourism industry. In 2019, there were 40.9 million visits to the UK, bringing $37.5 billion in revenue. A lack of tourists means potentially permanent damage to restaurants, hotels and countless cultural institutions.

British students have grown resentful of spending their university terms confined to dormitories amid the coronavirus pandemic. Reuters
British students have grown resentful of spending their university terms confined to dormitories amid the coronavirus pandemic. Reuters

A particularly lucrative part of Britain’s economy is the university sector, in which international students are a fundamental driver. They have become, in many ways, key to British universities’ survival. Since the onset of the pandemic, however, resentment among all students, particularly foreign ones who pay much higher fees than their local counterparts, is growing unchecked.

Over the past decade, since the election of the Conservative party under David Cameron, opportunities for overseas students to live and work in the UK after their studies have been steadily curtailed. The alienation of these students, even after they were labelled a priority in the government’s “Britain is Great” campaign, marks a serious departure from the Brexit brief of creating a global Britain. Fears over their fate have become so severe that in 2016 India’s Prime Minister, Narendra Modi, made a prospective UK-India trade deal conditional upon easier access to the UK for Indian students. But with levels of unhappiness reportedly rising among Indian students already in the UK due to a lack of support, will future students from the country even want to come?

A story in The National about a spike in UAE students heading for US universities after the election of Joe Biden demonstrates that the global student body has other options. Many having begun to factor political stability to their calculations; they have never been the most financially secure demographic. And while Britain is still home to the English-speaking world's oldest universities, it may no longer be the safest of harbours.

The numbers indicate a trend that should trigger concern in Whitehall

Many Britons seem to agree with that assessment, too. A study published in August found that migration from the UK to the EU had increased by 30 per cent since the Brexit referendum. The study also established that migrants from the UK were some of the best educated and highest-earning of any group.

A drain of talent, in universities or in the work force, threatens to erase the image of Britain as a global hub. That image was built over the course of the 20th century, in large part as a result of Conservative policies. If Mr Johnson loses the confidence of his most well-educated compatriots, many in his party will not forgive him.

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Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

Omar Yabroudi's factfile

Born: October 20, 1989, Sharjah

Education: Bachelor of Science and Football, Liverpool John Moores University

2010: Accrington Stanley FC, internship

2010-2012: Crystal Palace, performance analyst with U-18 academy

2012-2015: Barnet FC, first-team performance analyst/head of recruitment

2015-2017: Nottingham Forest, head of recruitment

2018-present: Crystal Palace, player recruitment manager

 

 

 

 

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

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