The 17% "highly Skilled Visa" program figure in an entire industry was a hard figure.
Tariffs:
Maybe you should do some research here... the only reason there are any Tarrifs between the EU and USA is because in March 2002 the US government imposed 30% tariffs on a range of imported steel products, the EU retaliated. The WTO declared those steel tariffs illegal, and i think they've now been removed, however the knock on effects are still being felt on both sides of the Pond...
Quote:
Earlier in 2006, the repeal of the Byrd amendment by the US Congress was welcomed by the Commission, with EU sanctions now being reduced in tandem with remaining Byrd payments. Nevertheless, US failure to comply with a number of WTO dispute settlement findings still continues to be a major EU concern. For instance, the repeal of the US FSC/ETI export-contingent tax scheme includes transitional and grandfathering provisions which have been repeatedly ruled WTO-incompatible. The EU will continue to raise compliance concerns with the US authorities. In addition, unfair anti-dumping measures taken by the United States against the EU continue to be a major trade irritant. In over 50 anti-dumping cases and reviews since 1995, US duties have been inflated using the zeroing methodology which has already been found WTO-incompatible and is currently subject to further litigation.
Seems you want to trade free, but make everyone else pay to trade there.. aint gonna happen.
The Unemployment Rate in the UK is currently 5.3% up from 4.7% last year, this compares very favourably with your own on the surface.
However whereas ours counts everyone thats registered as unemployed, yours only counts those that are getting assistance .. ie: It misses out those that dont claim, cant claim or have been unemployed long enough that they dont get assistance any more.
The most accurate ways of looking at this subject is the Employment/Population Ratio or Labourforce Participation Rate, as these are the only way that we can find out the truth, and
are measured the same everywhere in the world... so lets look:
USA = 63% Employment/Population Ratio, 66% Labourforce Participation (Source US Department of Labor)
UK = 71% Employment/Population Ratio, 77% Labourforce Participation (Source EU Statistics)
So, seems your a little quick with the "staggering unemployment" huh? Seems a lot more of our population have jobs than your own... and we pay 'em enough to survive on too, with our minimum wage nearly double your own.
Lets look at Economic Growth then huh?
If what your saying is correct, we'd all be going to China, which accounted for 40% of ALL Economic Growth in the world last year...
Fact is that the UK has had Economic Growth for the last 9 continuous years (nearly 25% 2000-2005), verses US having last 3. The
average Economic Growth for both countries since 1992 has been in the region of 3% per annum.. so what the hell are you talking about?
How about other economic factors?
Current Account:
US Deficit of $208.7 Billion (Projected as $477 Billion for the year)
UK
Record Annual Deficit of $7.5 Billion recorded in April (£4.0Billion)..
That means we're both in the Red, but our current account deficit is something like 2% of your own. You accumulate the equivalent of our entire annual deficit
every 6 days.
Overall Debt:
USA: Thats currently 60% GDP, predicted to rise to 70% GDP by 2010
UK: Currently 42% GDP, and unable to rise much above that because the Government is limited on how much it
can borrow each year.
I think, personally, if i was trying to survive on my Overdraft i'd much rather have a 45% Mortgage than a 70% Mortgage.