[BNO] British think tank: Hong Kong people moving to the UK can bring 390 billion Hong Kong dollars in economic benefits to the UK

Instant International

Written by: Ou Jingluo

2020-07-07 19:39

After the implementation of the "Hong Kong version of the National Security Law", the United Kingdom announced that it was preparing Hong Kong people holding a British National (Overseas) Passport (BNO) to obtain the means to become a British citizen, that is, they were allowed to live in the UK for 5 years, and then they could apply for settlement and stay within 1 year. Later you can apply to become a citizen. The move drew strong dissatisfaction from the Chinese side. As for the UK, a think tank published a report that estimated that Hong Kong immigrants could inject momentum into the UK’s gross domestic product (GDP), bringing the largest economic contribution of 40 billion pounds (about 390 billion Hong Kong dollars) .

The British government intends to relax the restrictions on obtaining the right of abode for Hong Kong people holding BNO passports. (Profile picture)

The British Economic and Business Research Center (CEBR) issued a report on July 6th, which said that according to how many Hong Kong people holding BNO move to the United Kingdom in the future, it can bring 12 to 40 billion pounds (about 110 to 390 billion Hong Kong dollars) to the economy of the United Kingdom. income.

There are currently 2.9 million Hong Kong people with BNOs in Hong Kong. CEBR believes that 300,000 to 1 million of them are more likely to move to the UK. According to the analysis of the age group participating in the demonstration in Hong Kong in recent years, it is estimated that if up to 1 million Hong Kong people move to the UK, five years of work can bring 40 billion pounds of economic contribution to the UK.

↓↓↓ The "Hong Kong version of the National Security Law" has attracted various parties to debate. If you want to know the status of the representatives in various places, you can click on the picture to understand:

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Think Tank: Hong Kong immigrants can inject new impetus into the British economy

However, the report also pointed out that the actual contribution of immigrants still needs to consider environmental factors, because the UK and Hong Kong have different cultures in infrastructure, housing, etc., and the language is different. However, considering that new immigrants will tend to find jobs in the high-tech and information industries, At the same time, immigrants generally work harder, and the long-term economic contribution may be higher than expected.

The report also pointed out that under the recession caused by the new coronavirus pneumonia (COVID-19) and Brexit, Hong Kong immigrants can inject new impetus into the British economy.

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Hong Kong version of National Security Act British BNO British National (Overseas) Passport