Yesterday, the co-owner of Manchester United, Sir Jim Ratcliffe, said the UK is being “colonised” by immigrants.
When we use the word “colonised,” we should be historically precise.
Colonisation was not migration. It was extraction.
The British Industrial Revolution was materially financed through transatlantic slavery and colonial resource flows, profits from Caribbean plantations helped capitalise banks, insurance markets and industrial expansion.
Formal empire continued into the 1960s. After independence, many former colonies entered IMF structural adjustment programmes that required currency devaluation and austerity.
Take Jamaica. In the early 1970s the exchange rate was roughly £1 = J$2. Within a decade, repeated devaluations under stabilisation policies reshaped its economy and long-term debt trajectory.
Migration into Britain did not emerge in isolation. It followed empire, labour recruitment and post-war reconstruction.
If we are going to use the language of colonisation, we should do so with economic and historical accuracy.
There is a longer structural conversation here, one that goes beyond headlines.
I’ll share on my LinkedIn page tomorrow (Friday).