London Daily

Focus on the big picture.
Wednesday, Jun 24, 2026

Economic reality in the VI: Welcome to the raw truth

Coronavirus shockwaves have prompted unprecedented lockdowns which left many nations reeling from economic displacement which has impoverished many, and governments are left in a tailspin trying to make sense of it all.

The alarming reality of half-dead COVID-riddled economies stand tall on the list, and while the people suffer, the search for resolve continues. The demagogues of our world using this as the perfect opportunity, continue to suck the blood of helpless people, and it is very clear that COVID-19 has provided the perfect platform for international capitalism designed to flush nations down the sewer of irreversible poverty for ultimate control.

If immediate, practical action is not taken by well-thinking people everywhere to preserve life and decency, the entire world will witness the greatest pandemic ever.

The [British] Virgin Islands have not escaped this dilemma.

Premier and Minister of Finance, Honourable Andrew A. Fahie (R1) outlined many plans for economic development territory-wide, which has amplified the need for clear cut short-term, medium-term and long-term people-based economic plans if economic growth is to be achieved. While the impression is given that economic restoration is in motion, the current reality of the failing middle class and the impoverished lower class provides enough evidence of the misery caused by COVID-19.

The struggling population now wonders if its pain will ever be understood by government, as people-focused plans are yet to be implemented to address the need of the common man. The fact is, if immediate, drastic action is not taken to open all possibilities for ALL PEOPLE within the territory to engage in immediate economic transformation, there will be serious trouble before the middle of 2021.

The Main Problems in the VI


The VI is not deprived of intellect, neither is there a shortage of manpower. However, age-old local xenophobic fear continues to cripple local development and strangle economic diversity, resulting in economic stalemate which continues to retard economic growth. The result: Increased criminal activity and a poorer standard of living for so-called entitled locals which is now creating territorial frustration, and unless immediate action is taken to implement people-based programmes to generate economic opportunities so families can continue to earn a living and preserve life regardless of COVID-19, things are set to get very serious. Microeconomic growth is the foundation for territorial economic stability which eliminates the need for survival crimes, provides higher living standards for many, and restores hope.

The Mindset


Secondly, there is a very high percentage of intellectual waste in the VI. People of potent intellectual capacity are kicked aside simply because they are “not from here,” deemed unworthy to contribute and be recognised nationally if they are “not from here.” On the flip side, strong nations like Canada continue to invite great minds to their shores which is key to economic growth, and President-Elect Joe R. Biden has vowed to regularise racist immigration laws.

The VI is no comparison to Canada or the USA, however, these key factors must be noted. Entitled xenophobes seem permanently blinded to this fact. However, the sooner the VI government becomes woke to the magnitude of harm this segregationist mentality is inflicting on the territory, the sooner we will be able to steer the territory away from the cesspool into which it is heading.

Nothing remains the same. Therefore, the ‘local and belonger’ gospel must cease if immediate attention is to be given to ‘strategic activation and integration of untapped intellect’ to save the COVID-riddled VI economy from collapse. Many may not survive to tell the tale and this won’t be because of COVID-19. We must integrate now to save the territory from collapse. Locals cannot do it alone!

The marginalisation of immigrant brothers and sisters in the VI is not only a gruesome evil, it is 100% anti-productive. To pretend about this while we scream to the heavens in prayer meetings, hiding the sin under our cloaks, is not only hypocritical, it’s wicked! The VI will never be a better place until we turn from our wicked ways. (2 Chronicles 7:14).

Highlighting The Facts


While countries must take steps to protect their own interests, common sense teaches this: If strategies designed to protect local interests become a barrier to economic growth and development, this must be closely examined and addressed. Closedmindedness to non-local intelligence continues to create serious economic retardation across the VI, and this must be examined.

Let’s look at trade. The documented bias even on the Trade License Application Checklist is a blatant example of inequality and cannot be overlooked. Four simple steps for locals and belongers applying for a trade license versus eight requirements for immigrants seeking to do the very same!

Local and belonger licenses from what I am told, are processed in a matter of weeks while the immigrant’s applications in many cases are shoved to the back shelf. Is this a good reflection of equality for local economic growth?

Aren’t immigrants living in the same place as locals and belongers? Who benefits most when BVI businesses do well? Is Premier Fahie really serious about economic growth? If so, how will this happen with this degree of inequity in place? I brought the license matter to his attention without a response to date.

INEQUALITY and INEQUITY must be eliminated if spontaneous national growth is to happen. These are toxic prohibitors of economic growth. True socio-economic development will only happen when immigrants like locals and belongers are given a fair and equal chance to contribute to national development. Immigrants affected by inequality and inequity are exploited, and this is a violation of their basic human rights.

Jumpstarting Economic Growth


From what we are seeing across the territory, these are the general recommendations:

*  Establish one set of requirements for everyone (locals, belongers and immigrants alike) who wish to apply for business licenses. This promotes EQUITY and will propel territory-wide economic growth.

*  Examine ways to expedite the application process to get things moving.

*  Remove taxation from imported equipment and raw materials shipped in specifically for this purpose.

*  While we expect functional guidelines to be in place, give incentives to IMMIGRANTS WITH WONDERFUL DEVELOPMENTAL IDEAS ALREADY LIVING WITHIN THE TERRITORY. This is an immediate boost for economic growth. Give our people a reason to uplift the territory! Economic diversity is the wind which keeps the local economy alive.

There is no need for the local economy to collapse when there is an endless reservoir of potent intellect at our disposal. The more we unite, the stronger we become. We cannot continue to disregard people simply because they are not ‘from here’ when the territory is depending on ‘PEOPLE POWER’ to grow and stand against the tough times ahead!

There is limitless capacity for economic growth within the territory, but we must understand the potent capacity of PEOPLE POWER. All families across the territory are depending on this. You don’t have to take my word for it. One thing is certain… locals cannot do it alone. Never have, never will!

Thanks for reading.

More next week.

****

Weekly Articles Written by Kenneth (Kenny G) Gladstone and Published by PSI Network Since 2017.

Article Published November 10, 2020.

This article is brought to you by: TANDOOR RESTAURANT

Where the taste is right! Click for more: https://www.facebook.com/watch/?v=4168213279915536

Newsletter

Related Articles

0:00
0:00
Close
UK Announces New Military Infrastructure at Catterick to Support Engineer Regiment Relocation
University of Reading Ranked Among Top 100 Globally for Sustainability Impact
UK Launches Counter-Fraud Taskforce to Investigate Covid Loan Scams
UK Government Introduces Customs and Tax Reforms to Support High Street Retailers
Jonathan Haskel Nominated as Chair of the UK Office for Budget Responsibility
UK Government Expands Powers to Recover Benefit Debt and Tackle Welfare Fraud
Labour Party Leadership Contest Intensifies as Andy Burnham and Ed Miliband Clash Over Economic Direction
Rail Operators Urge Essential Travel Only as Extreme Heat Threatens UK Network Stability
United Kingdom Issues Red Extreme Heat Warning as Temperatures Forecast to Reach 38°C
Keir Starmer Announces Resignation as UK Prime Minister Amid Deepening Political Instability
UK Biotechnology Sector Receives Increased Public Funding to Support Regional Growth
Police Chiefs Update National Protest Management Guidelines Amid Rising Demonstration Activity
UK Aviation Regulator Expands Support for Regional Airports to Strengthen Domestic Routes
CMA Launches Investigation Into Retail Pricing Across UK Grocery Sector
UK Energy Operator Warns of Winter Supply Pressures Despite Stable Overall Grid Outlook
UK Research Council Expands Funding for Regional Biotechnology and Life Sciences Clusters
UK Compensation Scheme for Post Office Horizon Scandal Reaches 80 Percent Completion
Police Chiefs Issue Updated National Guidance on Managing Large Public Demonstrations
UK Expands Regional Airport Funding Scheme to Boost Domestic Connectivity
UK Competition Watchdog Launches Inquiry Into Grocery Pricing Practices
National Grid Warns of Tight Energy Management Needs During Upcoming Winter Peak Demand
UK Education Department Introduces National Standards for AI Use in Secondary Schools
UK High Court Clears North Sea Carbon Capture Project After Final Legal Challenge Fails
Northern Ireland Leaders Hold Emergency Talks on Trade Disruption Under Windsor Framework
Welsh Government Moves to Expand Social Housing in Response to Severe Affordability Pressures
UK Economy Sees Unexpected Rise in Business Investment in Second Quarter, ONS Data Shows
Scottish Government Unveils Multi-Billion Pound Investment Plan for Renewable Energy and Grid Expansion
UK and EU Agree Enhanced Defence Cooperation Pact Covering Intelligence and North Sea Security
Prime Minister Orders Independent Review of NHS Performance After Record Waiting Lists
Bank of England Holds Interest Rates at 5 Percent as Services Inflation Remains Persistent
UK Heatwave Disrupts Transport, Healthcare and Public Services as Red Weather Alerts Expand Nationwide
Barclays Warns of Growing Cyber Risk Divide Between Large UK Firms and Micro Businesses
European Defence Plans Including Ukraine Integration Prompt UK Strategic Reassessment
UK Equity Markets React as US–Iran Peace Roadmap Eases Oil Price Pressures
United Kingdom Expands Global Clean Energy Partnerships With Brazil, Morocco and Tanzania
Lord David Frost Urges Incoming UK Leadership to Abandon EU Regulatory Reset Strategy
Housing Groups Support Amendment to Strengthen Fire and Gas Safety Access Powers in Social Housing
South London NHS Estates Staff Ballot on Industrial Action Over Pay Structures in Hospital Maintenance Services
United Kingdom Government Invests £60 Million in AI Research Labs at Oxford and University College London
Barclays Cyber Security Report Highlights Rising Threat Exposure Among UK Small Businesses in AI-Driven Attacks
UK Met Office Heatwave Triggers Transport Warnings as Rail Operators Urge Cancellations Amid Infrastructure Strain
South London NHS Estates Workers Ballot for Strike Action Over Pay Disputes Across Major London Hospitals
Barclays Warns of Severe Cyber Security Gap Between Large Corporations and Small Businesses in the United Kingdom
United Kingdom Government Allocates £60 Million for Artificial Intelligence Research Laboratories at Oxford and UCL
National Health Service Approves Teplizumab Treatment to Delay Onset of Type One Diabetes in First European Rollout
Met Office Issues Rare Red Extreme Heat Warning Across London, South East and West Midlands as Transport and Health Systems Face Disruption
Prime Minister Keir Starmer Resigns After Labour Party Revolt Following Economic Stagnation and Local Election Losses
United Kingdom Economy Contracts for Second Consecutive Month as Private Sector Weakens and Job Loss Fears Rise
Taxpayer Support Grows for Higher Digital Levies on Multinational Tech Companies
Bank of England Signals Caution Over Inflation Despite Easing Energy Prices
×