BRITAIN BREAST FEEDS AFRICA AND ASIA
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Third World immigrants in the UK are sending home £21billion to their families back home, a study has revealed. This makes the UK the fourth largest source of remittances after the US, Saudi Arabia, and the United Arab Emirates, with a global total of some £483bn in 2017, according to the World Bank.
Nigeria was the top receiver of cash from the United Kingdom with £3.27bn sent in 2017. India received £3.13bn from Britain, £1.4bn was sent to France, and Pakistan received £1.34bn while Germany received £1bn.
Corporate media reports these figures whilst doggedly refusing to investigate, to identify and publish the actual source of such generosity. The reason for such reluctance is because much of Britain’s wealth being siphoned off is ~ excuse the expression, ‘black economy’ untaxed unrecorded financial assets. There is also excess benefits income being vacuumed up and sent abroad.
The surge and urge for unearned wealth are said to be fuelling legal and illegal immigration. Having relatives in Britain sending money home is for many in Third World countries better than a lottery win.
While immigrants in the UK were sending large amounts of cash back home, Australia was the largest sender of remittances to the United Kingdom, with US$1.08bn being received from there. The US, Canada, Spain, and South Africa were the next biggest senders.
India is the largest receiver of incoming payments in the world, receiving a total of US$68,968bn. China is the second largest receiver of transfers, after India, receiving a total of US$63,860bn. The US is home to the largest number of migrants from underdeveloped countries and is the largest sender of remittances in the world.
Thank you, Britain: Co-founder and CEO at digital cross-border money transfer company InstaReM, Prajit Nanu, said: ‘These international money transfers by migrants are, for many, the only source of income for families globally which help them to get basic necessities, thus elevating the overall quality of life.
‘Immigrants typically transfer a substantial part of their earnings to their home countries, contributing to their overall income.
MICHAEL WALSH is a journalist, broadcaster and the author of RISE OF THE SUN WEEL, EUROPE ARISE, TROTSKY’S WHITE NEGROES, MEGACAUST, DEATH OF A CITY, WITNESS TO HISTORY, THE BUSINESS BOOSTER and THE FIFTH COLUMN VOLUME I and II, and 50 other book titles.
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