The pontiff’s trip to the Canary Islands, a gateway for African migrants into Europe, comes as the UK government reaffirms its commitment to ‘safe and legal routes.’ One must ask: at what cost to the taxpayer? The fiscal arithmetic is simple.
Every migrant processed through these channels adds to the public sector borrowing requirement. With gilt yields already jittery and inflation stickier than a Treasury mandarin’s fingers, this is not the time for open-ended humanitarian gestures. The market’s verdict is clear: capital flight thrives on uncertainty.
The Pope’s blessing may soothe consciences, but it will not calm the bond vigilantes.
