Last Updated on Monday, 27 October 2008 22:37 Written by markwu Monday, 27 October 2008 22:23
Last Updated on Wednesday, 22 October 2008 13:03 Written by Mark Wu Wednesday, 22 October 2008 12:21
"Tories' cash for question"; "Labour's loans for peerages", the trilogy has arrived: it seems George Osbourne has experienced some hospitality "From Russia with Love". (Mr Osborne has named the newly appointed Lord Mandelson as a witness of the events.) The truth is out there.
Political parties with integrity seem to be a momentary problem? (Haven't heard of any financial dirt from the Liberal Democrats or the smaller political parties. Would you be more inclined to support these parties?)
Many people have reported that the S(leaze)-factor in politics has been a turn off. Ironically, the (tabloid) press feeds on this like vultures on a carcass, because it sells papers. So if sleaze sells papers, but the readers find it a bore, how come this still perpetuates?
The overall issue is not who is getting a donation, but the overall transparency of the system is in question. Are political parties really representing the interests of the public? Or are they bending towards the whims of their financial backers?
There are many MPs and candidates advocate for the people they represent.
You can make a difference by casting your vote for the candidate that sings from the same hymn sheet as you. The first requirement is you MUST register to vote.
More details will follow on this site, if you want more guidance, or contact your local council.
Last Updated on Monday, 20 October 2008 20:32 Written by Mark Wu Monday, 20 October 2008 17:47
Since 10th October, a lesser known press release from the Home Office referred to the call to set an upper limit on immigration numbers by the new immigration minister Phil Woolas. This hit the headlines over the weekend, when the newspapers decided to pick up on this issue, as the financial crisis was getting a rest. (Even Robert Preston of the BBC, disappeared for a few days.)
Mr Woolas referred to the need to protect British jobs for British people, especially if Britain goes into recession. This is in addition to the point-based system that has been recently revised by the previous minister, Liam Byrne. A call that has shocked many fellow Labour MPs, but perhaps made the BNP very happy.
There is already an on-going debate with the Government about how ethnic restaurants and take-aways find it difficult to recruit and retain the kitchen or the front-of-house staff. They do not fall within the Highly-Skilled Migrant Programme (HSMP).
In our own research, we have noticed with the recent redundancies in the City, many European bankers have decided to return to Europe. Property and rental prices in those fashionable expatriot districts had taken a sudden hit, when many corporate lets suddenly came to an end. But this upper limit that Mr Woolas refers to, will not affect EC members.
The ironic part is, according to the Home Office, the typical emigrant from UK, is a highly-skilled migrant who might choose the sunshine in Australia, or the buzz of Asia, over the smog of London. When Mr Woolas suggested that he did not want to see the population of Britain grows from 60m to 70m, perhaps he didn't think through how he can ensure that UK will not see the brain-drain exodus that can reach a point where it sees more people leaving than coming in. (The BBC reported today that even though China growth has been affected by the global crisis, she is still expected to show 9% p.a. going forward. Perhaps many young professionals will be attracted to work there, as UK nurses its wounds in the short term.)
Whilst official figures may not publish this, but there is still a shortage of qualified doctors, nurses and carers. Yet there have been several high profile cases, when Indian doctors or Chinese carers have been forced to leave, as they have failed to meet the revised criteria of the point based system.
At the same time, we haven't met many unemployed doctors who tell us that their jobs were given to a foreign replacement.
What do the you think?
Especially if you are not involved with the catering trade, do you see foreign workers as a threat to your own jobs?
Last Updated on Thursday, 16 October 2008 20:28 Written by Mark Wu Thursday, 16 October 2008 19:40
Officially, it's been more than a year since we entered into this Credit Crisis.
In the past month, our Government has intervened with some unprecedented financial policies, in order to salvage the banking system from total annihilation. Yet the result seems to see the banking sector biting the hand that feeds it. The loss of confidence in the financial system is rippling through all the other sectors. Everywhere you turn, there are signs and articles written, broadcasted about the inevitable recession. The media has presented some very grim reading indeed.
The small business sector, which many Chinese family businesses fall into, are being hit quite hard.
Traditional Chinese people are known for putting money in two areas: savings/properties or gambling. However, the younger generation has been more savvy. Many of us work in the financial industry.
What does the Credit Crisis mean to you?BC Project would like to hear from you. Please email us with your thoughts at:
We look forward to hearing from you.
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