LibLink: Vince Cable – budding Asian entrepreneurs help create thousands of UK jobs

The Telegraph has published a supportive report of a speech by Vince Cable at the launch of the National Asian Business Association yesterday. He referred to the 50,000 British Asian businesses in the UK which together generate more than £60bn nationwide, which in turn help to create thousands of jobs. He claimed that British Asians are probably “the most entrepreneurial section of the British public”

He said:

The stereotype of Asian businesses is changing rapidly; while that stereotype is still there – 30pc are in the retail sector – it’s rapidly diversifying. Their growth is essential to job creation and national economic recovery, as is the emergence of a new generation of Asian entrepreneurs.

You can understand, particularly after the Eastleigh [by-election], why people are anxious about uncontrolled immigration but that’s no justification to put up barriers to the people we need here and the capital, entrepreneurial skills and the other skills we need to make the country grow. The visa system has got to be flexible and pragmatic.

You can read the full article here.

* Mary Reid is the Monday Editor on Lib Dem Voice.

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  • Richard Dean 5th Mar '13 - 11:59pm

    I expect Vince didn’t mean it, but this speech is perhaps just what UKIP need. To claim that the rest of the British public is less entrepreneurial is not good at all for relations between Asian and non-Asian British people. It’s a colonial divide-and-rule approach in which one section of the community is used as a way of criticising another. Disgraceful. It’s also a highly dubious statement. There are plenty of non-Asian entrepreneurs, some are even TV personalities.

  • “The visa system has got to be flexible and pragmatic.”
    From last year’s consultation on immigration, I though the visa system was flexible and pragmatic particularly with respect to those who either had capital or skills the nation wanted. The problem is the uncontrolled immigration of people who have neither.

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