Here’s a quick summary of what has happened around the world over the last 24 hours, brought to you exclusively by British Herald.
Britain will prioritise access for high-skilled workers from around the world in its post-Brexit, points-based immigration system, the government said, setting out its plans to put an end to a reliance on “cheap labour from Europe”. Concern over the impact of high levels of immigration from the European Union was one of the key drivers behind Britain’s 2016 vote to leave the bloc and the government has said it plans to bring overall migration numbers down. The new system will assign points for specific skills, qualifications, salaries or professions and only give visas to those who have enough points. It will come into force from Jan. 1, 2021 and will treat EU and non-EU citizens the same.
Both UK and EU seem to have been taking a defiant stance to the trade deal negotiations. The European Union shall soon begin negotiations with Britain for a new deal and the EU has decided to opt for a stronger stance to demand for a fair competition which shall stand the test of time. This draft of the negotiating mandate awaits approval from the 27 EU member states and has doubled down from a previous version where Britain adopted a level-playing field on matters of state aid to labour and social standards. This new more-resilient stance from the EU’s part came a day after British Prime Minister Boris Johnson’s Brexit adviser said that London shall not be bound by the bloc’s rules, motivating it to leave.
The economy of Greece shows great potential for growth but what is necessary is reform, newer infrastructure and a resilient political will, according to Sir Christopher Pissarides, a Nobel prize laureate. Sir Pissarides, a British-Cypriot professor, shared the Nobel economics prize in 2010 with two other recipients. He has specialised in understanding the economics of unemployment, structural reform and growth policies.
Greece’s Prime Minister Mitsotakis chose Sir Pissarides to chair a committee directed towards drafting a long-term growth strategy post a decade-long crisis with debt. Pissarides took up the task as he believes that Greece has undergone a lot more than it should in the past decade. He believes that the plan shall be in place by September.
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Stay tuned for our daily roundup tomorrow!