The Economist says David Cameron is ‘kneecapping’ the economic recovery with his immigration targets:
Mr Cameron’s self-defeating cap will crimp economic growth and won’t even mollify critics of immigration. The 20,700 skilled non-Europeans represent barely 3% of Britain’s annual inflow of immigrants, so slashing their numbers will do little to reduce headline figures. Nor will it free jobs for Britons, since many would-be employers of highly skilled foreigners will simply move. Global firms would find it simple to shift graduate trainees out of London.
Why would we want to keep out skilled workers who will bring with them huge benefits to our economic growth? Clearly there are political complications for Cameron due to some on the right within his party, but this policy is so short-sighted.