Labour leader Keir Starmer at the launch of the party's election campaign battle bus in Uxbridge, west London. Getty Images
Labour leader Keir Starmer at the launch of the party's election campaign battle bus in Uxbridge, west London. Getty Images
Labour leader Keir Starmer at the launch of the party's election campaign battle bus in Uxbridge, west London. Getty Images
Labour leader Keir Starmer at the launch of the party's election campaign battle bus in Uxbridge, west London. Getty Images

UK Labour's Keir Starmer vows to curb legal migration and 'hire Brits first'


Lemma Shehadi
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Labour leader Sir Keir Starmer appeared to encroach on traditional Conservative territory as he pledged to lower legal migration and “hire Brits first”.

Mr Starmer’s migration plan revealed on Sunday includes measures to train more Britons and ban lawbreaking employers from hiring foreign workers.

Last year’s net migration figure of 685,000 was the second highest in history – a figure which Mr Starmer said was “a complete failure”.

“We’ve got to bring it down. Underpinning this number is the fact that we haven’t got the skill set that we need. So we need to fix the skills strategy,” he told The Sun on Sunday.

“But we’ve also got to come down on bad bosses,” he added, referring to employers who hire overseas workers and do not pay them the minimum wage.

A “single enforcement agency” would go into offices looking for a possible “breach in labour market rules”. Employers caught breaking these rules would face a “ban” on hiring overseas workers.

“Comply with labour market regulations, pay the right wages and you’ll be fine. But if you undercut and don’t do the right thing … we’re going to ban you from bringing people into the country,” he said.

Labour will not be giving any specific targets for migration numbers, its shadow home secretary Yvette Cooper said.

Labour Party shadow home secretary Yvette Cooper, left, appears on the BBC's Sunday Morning political television show with presenter Laura Kuenssberg. AFP
Labour Party shadow home secretary Yvette Cooper, left, appears on the BBC's Sunday Morning political television show with presenter Laura Kuenssberg. AFP

Targets set in the past by previous governments had been changed, and numbers varied from year to year owing to circumstances such as the pandemic and the war in Ukraine.

“I’m not going to set a target. We’re taking a sensible approach by … setting out the policies we will pursue so people can see the kind of difference that they will make,” she told the BBC.

The increase in work migration, which saw work visas “doubled” in recent years was a “problem.”

Labour would work towards bringing work migration down and as well as the skills shortages driving it, she said.

“We would expect to see the numbers coming down swiftly. We want to make sure that we can move quickly on some of these recruitment areas,” she said.

Illegal migration into the UK was costing the taxpayer billions of pounds, Ms Cooper said.

Labour would not proceed with the Rwanda scheme, and would focus instead on clearing the backlog of those waiting to have their claims processed.

Mr Starmer would look at other schemes that have “worked” in the past, such as the Dublin scheme.

The practice of housing asylum seekers in private hotels would take “around a year to end,” Ms Cooper added, without clarifying where those people would then be moved to.

“We will still need to look at the crisis we inherit … It will take around a year to end asylum hotel use,” she said.

“We need to start saving money straight away.”

Ms Cooper and shadow education secretary Bridget Phillipson met apprentices from gas distribution company SGN on Sunday to discuss their plans to create a “golden age of lifelong learning”.

They met and chatted at the site of a gas pipe repair in a residential street in East Putney, south-west London.

Ms Cooper told reporters the party would aim to fix the “broken” migration system by enabling skills at home to fill the gap of overseas recruitment.

“Net migration has trebled over the last five years under the Conservatives – that's been particularly driven by the big increase in work migration and in work visas.

“And we've just been talking to engineering apprentices – engineering apprenticeships have halved at the same time as visas have doubled. That shows you've got a system that's broken.

Shadow home secretary Yvette Cooper and shadow education secretary Bridget Phillipson (right) meet apprentices at SGN Project in Putney in south west London, while on the General Election campaign trail. Photo: Lucy North / PA
Shadow home secretary Yvette Cooper and shadow education secretary Bridget Phillipson (right) meet apprentices at SGN Project in Putney in south west London, while on the General Election campaign trail. Photo: Lucy North / PA

Mr Starmer has previously pledged to scrap the Rwanda scheme if Labour wins power, and in May announced it would form a new border security command to tackle people smugglers.

Conservatives and right-wing politicians have hit back at the pledges.

Home Office Secretary James Cleverly accused Labour of a “soft touch” on migration that would end up taking the credit for restrictions to overseas worker and student visas made by the current government.

“Immigration has fallen 10 per cent last year, 25 per cent this year, and will fall further still as part of our biggest ever cut to migration. Our changes stop overseas workers undercutting British talent, putting an end to low-skilled mass migration,” he wrote on X.

“At the time, Yvette [Cooper] called our decisions 'chaos'. Now Labour want to take the credit? Meanwhile, the reality of Labour’s soft touch approach will mean 250,000 more people a year,” he added.

Richard Tice, leader of the right-wing party Reform, accused Mr Starmer of “trying to copy” its migration policy unveiled a few days earlier, which would impose an immigration tax on business.

“No one believes Keir Starmer saying he will cut on immigration as he tries to copy Reform policy,” he wrote on X.

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David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: June 02, 2024, 4:26 PM