Politics and Business

I have been observing the political activities since the Scotland referendum. The capitalistic nature of the economy in nature makes the election business like. It is profit and loss.

The small business community always lands on the losing side. Whoever wins they end up paying more taxes, shrinking their revenue. If there is no clear winner then lord help us. The recent survey predicts that labor and Conservatives both are headed for a stalemate. David Cameron has indicated joining the EU if re-elected and Labour’s Prime Minister hopeful Ed Miliband has indicated rise in taxes. In both cases the community suffers. The smaller parties make the pitch even more queer.

Business and Politics

The Scene looks Gray

The major developments that are likely to surface after the election will be:

  • Political deadlock – This is the worst case scenario. If the predictions go the way, UK is headed for a hung parliament. The smaller players like the UK Independence party are in for a large role to play.
  • Rise in Tax rates – This is imminent. With the burdens of debt across Europe and bailouts, UK population will have to pay for others mistakes.
  • Rise of the Extremists – This can happen. It is real, as it has happened in Greece. This will lead to curb on the market and major reforms, leading into crisis.
  • Structural Problems – Till date UK economy is holding up, but joining the EU will expose it to the structural problems of member countries.

Brace yourself for difficult times ahead. The future is uncertain, but one thing is certain; this May elections will hurt us all.

How do international students contribute to the economy?

Theresa May’s recent antics have caused quite a buzz around town. The National Union for Students is staunchly against her wishes to send international students back home after finishing their education without getting a chance to find work within the country, and many international students have expressed their discontent too.

This discontent stems from the fact that international or Non-EU students contribute quite a lot to the UK economy every year, and they do deserve to find work in the country. First of all, non-EU students pay higher fees to study here- UK is supposed to have received about £8 billion through fees from non-EU students alone. Besides this, international students’ expenditure outside the university contributes about £3.8 billion to the economy.

International Students Economic Contribution

Besides this, non-EU students are supposed to have generated about 20% of the output in the higher education sector, and they continue creating new jobs every single year. Not only is it a bad idea to provide education to a set of people and then turning these qualified individuals away from the country an ethical bad idea, it is a bad idea for the economy too. A lot of non-EU students have reported feeling unwelcome in the UK, and such laws are not going to encourage feelings of goodwill towards the country, either.