Futures Forum: Brexit: and the price of fish
Futures Forum: Brexit: and rising food prices
This week's Dispatches programme looked at the latest:
Dispatches - All 4
Monday 20th February, Channel 4, 8pm
In the UK we import 48% of our food, as the pound has fallen in the wake of Brexit the food that we buy is costing us more. Dispatches looks into the true cost of our supermarket shop.
Supermarkets: Brexit and Your Shrinking Shop: Channel 4 Dispatches - Channel 4 - Info - Press
With the papers reporting full vent:
Shoppers hit by Brexit as supermarkets hike food prices after Leave vote - Mirror Online
Brexit banger con: Packs shrink but prices don't | Daily Mail Online
It's not just food, though:
BREXIT news: Microsoft Surface Book UK price increase REVEALED | Tech | Life & Style | Express.co.uk
Brexit news: science, technology and design impacts following the EU referendum | WIRED UK
And it's accross the board:
FTSE 100 subdued as UK inflation rises to highest since June 2014 driven by surge in fuel costs and post-Brexit vote pound weakness - Telegraph
With factories having to pay more for imported parts:
Brexit latest: Manufacturing price pressures increase again in February | The Independent
But meanwhile, the demand for migrant labour continues:
UK employment growth driven by foreign nationals, figures show | Business | The Guardian
Even though we don't treat them very well:
The exploitation of migrants has become our way of life | Felicity Lawrence | Opinion | The Guardian
Accidents in the workplace | nidirect
In the United States they've just had a 'day without us':
Day Without Immigrants: 'More than 100 workers' fired over strike - BBC News
And in Britain too:
One Day Without Us Campaign Highlights Positive Impact Migrants Have On UK Economy | The Huffington Post
The New Economics Foundation reports:
REVEALED: THE £328M COST IF MIGRANTS DOWNED TOOLS FOR THE DAY
THE UK ECONOMY WOULD GRIND TO A HALT WITHOUT THE CONTRIBUTION OF MIGRANT WORKERS
20 FEBRUARY, 2017 | PRESS RELEASES
WILL BRETT DIRECTOR OF NEWS & MEDIA
UK GDP would take 4% hit if all migrant workers stopped work for the day
Tens of thousands take part in day of action celebrating migrants’ contribution to British life
‘One Day Without Us’ demonstrates how UK economy would grind to a halt without the participation of those born overseas
The UK economy would take a hit of £328m if migrants stopped working for the day, according to fresh research by the New Economics Foundation. That represents 4% of total UK daily GDP.
The finding comes on the day that tens of thousands of people across Britain (Monday 20 February 2017) join together under the banner One Day Without Us to celebrate the contribution to this country of people born overseas.
Among the actions planned by the One Day Without Us campaign, a number of businesses will close for the day to make the point that Britain couldn’t manage for even one day without the contribution of migrants.
Migrant workers in the UK make up 10.9% of the total workforce. But according to the Migration Observatory, that number increases dramatically in certain key sectors. Some 31% of cleaning and household staff, 30% of food preparation and hospitality workers and 26% of health professionals are foreign-born.
If all migrant workers stopped working for the day, the NHS and other key parts of our economy would be unable to function.
Marc Stears, Chief Executive at the New Economics Foundation, said:
“Britain has a long and proud tradition of openness to people from overseas and our research conclusively shows that migrants have more than repaid for the welcome they have received.
“Our future as a country depends on the economic, cultural and social contribution that migrants make. As countries all around the world succumb to the siren call of populism, we need to remember that contribution and to celebrate it.”
Stephen Devlin, Senior Economist at the Foundation, said:
“Today is about celebrating the contributions that migrants make to all aspects of life in Britain, including the economy. Many of our industries are entirely reliant on foreign-born workers, and we should never forget that.
“Our research shows that if those born overseas were to down tools for a day, our whole economic system could grind to a halt. We urgently need to address the helplessness which so many people feel in the current economy. But we will not do that by succumbing to hatred and xenophobia. So today let’s celebrate the contributions made by everyone, no matter where they were born.”
Rachel Taylor-Beales, one of the organisers of One Day without Us, said:
“One Day Without Us is about celebrating the many diverse ways in which migrants have contributed to Britain. And these extend well beyond the economy. But it is striking to see just how much migrants do add to economic output in a single day and what this country would lose if they weren’t here.”
NOTES TO EDITORS
1. The New Economics Foundation is the UK’s only people-powered think tank. The Foundation works to build a new economy where people really take control.
2. Methodology: we used Labour Force Survey data to calculate the number of foreign workers employed in the UK, broken down by gender. We subsequently used data from the Migration Observatory of Oxford University to estimate the average daily wage of migrants, broken down by male and female foreign workers’ respective average wages. One of the components of the income approach to measuring national income is labour income, including wages. Consequently, the daily wage of foreign workers represents their contribution to national income.
3. Sources for the NEF headline calculation: Labour Market Survey (latest update), ONS + Migration Observatory’s Characteristics and Outcomes of Migrants in the UK Labour Market, January 2017
4. Source for statistics on sectoral percentages: Migration Observatory’s Migrants in the UK Labour Market, an Overview
5. More than 100 One Day Without Us events are taking place across the country.
Revealed: the £328m cost if migrants downed tools for the day | New Economics Foundation