Albert Edwards: UK Has “One Of The Most “Disturbing Social Trends I Have Ever Seen In A Developed Country”

Societe Generale’s vocal perma-bear Albert Edwards published his thoughts on the Brexit debate last week, concentrating on the merits and demerits of unlimited EU immigration.

Albert Edwards: A Recession Is Just Around The Corner; Ice Age Has Arrived

Edwards notes that one the key issue driving the Brexit debate is the question of immigration from the EU, a massive electoral issue. The government has consistently failed to meet its target of restricting immigration to below 100,000 per annum. The UK’s Office of National Statistics data, published two weeks ago, showed that UK net migration in the year to September 2015 rose another 31,000 or 10% year-on-year to 323,000, having previously risen an astonishing 40% the year before. In other...