00:00So, should we think about the young people first?
00:05Is it pretty clear that young people are going to get this access to the United Kingdom for three years?
00:10Young people being defined as 18 to 30, I believe.
00:14Well, actually, I saw something in the paper today saying it's 18 to 40.
00:18Wow.
00:18Which is good for people who are not in that bracket.
00:21We can continue to pretend we're not very old.
00:24But I think young people should stop at 25, really.
00:27Yeah, yeah.
00:29Anyhow.
00:29So, that would be quite a broad swathe of people.
00:31Well, it's also, it depends on if there's caps on it, which is one of the issues many people are worried about.
00:38Because, obviously, there are 27 EU countries.
00:42And if they all have a cap for 25,000 or 30,000, that could mean a lot of people.
00:48Also, there's talk that they'll be able to come in and go to our universities and pay the same fees as UK students.
00:58Which is terrifying.
00:59Terrifying, really.
01:00Terrifying because of the loss of income to our universities, do you mean?
01:03Well, A, the loss of income to our universities.
01:05But also the fact that there aren't any equivalent universities in the EU.
01:14You know, if you look at the list of the top 10 or top 100 universities, you know, they're mainly in the US or the UK, even Singapore, some other places around the world.
01:25And so...
01:26One thing in which we continue to excel.
01:28Yes.
01:28So, though this youth mobility is each way, there will be a lot more EU students coming to the UK than there will be UK students going to the EU.
01:40And by the way, whoever these people are and however virtuous they are, and even if they're only coming temporarily and all those things, they've got to be accommodated somewhere.
01:51Yeah.
01:51And all people who come into this country put extra pressure on accommodation.
01:56And accommodation is not easy to come by.
01:59So, I think one can see why Red Bull Labour MPs must be a bit alarmed.
02:04Also, I'm rather surprised, I mentioned this in the last discussion, but, you know, the Prime Minister having made a big thing last week of having a new immigration policy,
02:11he doesn't even get to the Monday of the following week before he's announced a huge exception to this,
02:17with many thousands of young people coming in to, as I say, to occupy houses and flats and accommodations under great strain.
02:24I have a feeling he's trying to appease both sides of the fence, if you like.
02:29So, he says something for his Red Bull voters, not that he's got many these days, but the people in the Red Bull get sort of the Monday report
02:37and the people who want to rejoin metropolitan London elite, they get the Friday report.
02:43You know, it's kind of one or the other.
02:46It's the same with he's signing trade deals with the US and India on Monday and then he's talking about resetting the EU on Friday.
02:55You know, he's trying to appease everyone and it's going to, I think, go horribly wrong for him.
03:01Because one of the things that people rather tend to forget while they're denouncing Donald Trump for his tariffs is that the European Union exists behind a tariff war.
03:09Oh, massive tariff war.
03:11I did an analysis of this when they put up the 10% tariffs, not the 25 ones, on our agricultural tariffs.
03:20And ours are very similar to the EU's.
03:23Ours are now in pounds and we've rounded the percentages down.
03:28But in general, if they're 12.6%, we're 12%.
03:32And ours is in pounds, theirs is in euros.
03:35But we're still more expensive than US tariffs on food.
03:40And the US did have tariffs on food.
03:43They were not tariff-free as they are with a whole lot of other industrial goods.
03:47So they did have tariffs on a lot of food.
03:50Lamb, interestingly enough, was zero tariffed.
03:53But we never thought about exporting lamb there, which was really silly because now it's got 10% on it.
03:58But things like beef or whatever, they're a fraction of the UK tariffs.
Comments