Business Standard
Thursday, May 24, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

'Tory plan for cap on immigrants will anger Indians'
Prasun Sonwalkar/PTI / London Apr 14, 2010, 12:12 IST

British business leaders have warned that the Conservative party's plans to impose an annual cap on the number of immigrants coming to Britain would upset the Indians and Chinese.

The Conservative party's election manifesto released yesterday contained a pledge to issue an annual cap on migrants, besides a promise to impose bonds for students from India and other non-European Union countries, and other measures to control immigration.

London First, an influential business membership organisation whose mission is to make London the best city in the world in which to do business, warned that the Conservative plans threatened Britain's position as a global commercial hub where several Indian companies have set up offices.

London First's chief executive, crossbench peer Baroness Jo Valentine, accused the party of making the proposals to "appease the populist voice and warned that it would put off Britain's trading allies abroad"

She said: "How we build our links with the Far East and the BRIC [Brazil, Russia, India and China] economies is absolutely fundamental to London's future. Irritating the Chinese and Indians would not be clever."

London, Baroness Valentine said, represented a global talent pool. It needed tax policies, immigration policies and a quality of life which encourage them to stay, and more to arrive.

She said: "This is a vital economic issue, which concerns business greatly. We must foster growth if we are to address the budget deficit and rebuild our economy. We shouldn't turn away those best equipped to help us do that."

She added: "All three main parties have privately shared sensible views on the value which these globally mobile, talented individuals bring. My worry is that these will be overlooked in the search for votes. We should continue to welcome people who add value. Artificial caps could damage London's competitiveness and ultimately its standing and success as possibly the most cosmopolitan city in the world."

The Highly Skilled Migrants Forum, a group representing skilled migrants from India and other non-EU migrants, noted the "tough election policies to tighten the noose around immigrants", and said the position of the migrant had become uncertain.

Amit Kapadia, Executive Director of HSMP Forum said: "It is already well known that under the present UK government, the position of the migrant is quite unpredictable and uncertain. However, any new party forming the government could lead to a complete overhaul of the system, bringing in new policies, committees and decisions".

He added: "As voters and more importantly immigrants, the choice is between the devil and the deep sea and therefore it is imperative to have a clear idea of a political party’s immigration policies before people cast their precious vote."

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- NSE loses trillion-dollar market cap tag, BSE a whisker away
- Mahindra & Mahindra taps Korean arm to crack China
- Gupta trial jury told of "top secret" Buffett deal
- US stocks recover late, euro falls
- First wiretap played at Gupta insider-trading trial
  Read Business news in 
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Posted by: Sujeewa G
Useful article
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Petrol price up Rs 7-plus in sharpest rise ever
- UPA allies, Opposition flay petrol price rise
- Rupee breaches 56/dollar amid feeble RBI action
- Social media a new form of entertainment for GenY: Survey
- Telecom industry warns of mobile tariff hike
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Creamy layer |  Air India |  GAAR |  DRDO  |  Black Widow |  Satyamev Jayate |  Akshaya Tritiya |  Aamir Khan |  IPL |  IVRCL |  Ertiga |  Sarfaesi Act |  Vodafone |  Imagine TV |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Budget 2012 |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us