The new immigration proposals are economic and political nonsense | Kenan Malik

The home secretary’s plans will be bad both for Britain’s finances and for workers’ rights

We have become illiberal and lowered quotas at a time when we have an acute shortage of labour.” So observed the cabinet minister Richard Crossman in his diaries in 1966, after the Labour government, fearful of public hostility, slashed Commonwealth immigration into Britain.

The conflict between those who see immigration as an economic necessity and those who fear its political consequences has long shaped immigration debate. One consequence has been incoherent policy. That’s as true of the home secretary Sajid Javid’s white paper on immigration published last week as it was in Crossman’s day.

Immigration has become the most potent symbol of a world out of control

The white paper estimates that it will lower GDP by ‘between 0.4% and 0.9% ’ by 2025

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The US is on the edge of the economic precipice – and Trump may push it over | Robert Reich

Government shutdowns hurt millions. Great depressions hurt even more. History suggests real pain is round the corner

On Friday, Donald Trump said: “We are totally prepared for a very long shutdown.” It was one of his rare uses of the pronoun “we” instead of his preferred – and in this case far more appropriate – “I”.

Related: Chaos at home, fear abroad: Trump unleashed puts western world on edge

The shutdown is stoking fears that Trump could do something even more alarming

Related: Trump and Democrats play blame game over government shutdown

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The fuel tax wars can’t be won without a greener alternative

The major international agencies should devise a progressive tax regime that penalises the biggest carbon emitters and offsets costs for the poorest

President Macron needs to win the war on fuel tax. Every country does. It is an issue on which the governments in Paris and Nairobi have been forced to make U-turns. It is rising up the political agenda in other countries, including the UK and Germany, where the rebirth of the Greens and the rise of the rightwing AfD has paralysed the Bundestag.

Without some kind of resolution to how much consumers and business pay for burning fossil fuels – a deal that most agree gets near being fair and addresses the problem of climate change – the battle will not be fought politely inside parliamentary debating chambers, but on the streets.

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MIB: David Hall, Revolution’s Rise of the Rest Fund

This week, we speak with David Hall, partner at Revolution‘s Rise of the Rest Seed Fund, where he is responsible for investment sourcing, execution, and oversight for Revolution portfolio companies. He received his B.A. from Morehouse College and earned his MBA from Harvard. Rise of the Rest (ROTR) tries to be different than typical VCs, by focusing on promising seed…

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