"Forcing down annual levels of immigration to the tens of thousands, as promised in the Conservative manifesto, would inflict a significant cost on the economy and the public finances"
Any news headline connecting the cutting of immigration numbers to damaging the economy that is published in the context of today’s disastrous and failed Western immigration policies is a fallacy, and an example of the socialist left’s attempt to confuse the discourse.
While immigration is necessary for economic sustainability, the calls to cut immigration are eminently reasonable, precisely because of the track record of the Muslim migrants who have been let into the UK and other Western nations. It is not because Westerners are broadly rejecting of immigrants. To spell it out: Muslims who escalate crime rates, create no-go zones and Sharia enclaves, and erect mosques that are funded by Saudi Arabia are the drags on the economy. Their mission is jihad by immigration. In a “bombshell” report by the Express, “non-European” mass immigration (aka Muslim migrants) is costing taxpayers 17 billion dollars annually.
Cutting harmful immigration is necessary for the survival of the West, survival as much as is bringing in a controlled number of immigrants who integrate and contribute economically.
“Cutting immigration to tens of thousands would inflict £115bn of damage on the economy says think tank”, by Ben Chu, Independent, May 24, 2017:
Forcing down annual levels of immigration to the tens of thousands, as promised in the Conservative manifesto, would inflict a significant cost on the economy and the public finances, according to a new report.
The Centre for Economics and Business Research estimates that reducing net immigration to below 100,000, from its current level of around 270,000, would reduce the level of UK GDP by between 1.5 per cent and 3 per cent by 2025 relative to otherwise and damage the tax take by around £15bn.
And by 2030 the economy could between 4.1 per cent and 5.7 per cent smaller, equivalent to roughly £115bn in today’s money.
The CEBR argues immigration does not simply make the economy bigger due to a higher population, but boosts productivity growth by filling gaps in the workforce and enhancing creativity in key high-growth sectors such as IT and consultancy.
It estimates that the GDP damage by 2030 could translate into a hit to GDP per capita (so adjusting for a smaller projected population) of between 1.9 per cent and 2.7 per cent.
“The numbers here are quite shocking – they display the extent to which the UK economic model has become based on migration and show the scale of the potential negative consequences if migration slows to a very small amount compared with the current pace,” said the CEBR.
The CEBR estimates echo the scenarios presented by Jonathan Portes and Giuseppe Forte for the National Institute of Economic and Social Research last year, which found that UK GDP could be up to 8.2 per cent smaller by 2030 relative to otherwise and GDP per capita 5.3 per cent smaller if immigration rates were significantly cut.
Portes and Forte also only projected a very modest boost to low-skilled wages as a result of the fall in immigration, in keeping with empirical studies showing very minor downward pressure on the wages of such workers from higher immigration over the past decade.
Net immigration to the UK in the year to September is estimated to have been 273,000 by the Office for National Statistics, down from a peak rate of 336,000 seen a year earlier.
The Conservative manifesto published last week included the pledge, first made by David Cameron before the 2010 election, to reduce immigration to the “tens of thousands”……
The Independent have launched a petition to rally public support for ditching the target and to highlight the positive contribution made by immigrants, often vilified in populist politics
The Centre for Economics and Business Research estimates that reducing net immigration to below 100,000, from its current level of around 270,000, would reduce the level of UK GDP by between 1.5 per cent and 3 per cent by 2025 relative to otherwise and damage the tax take by around £15bn.
And by 2030 the economy could between 4.1 per cent and 5.7 per cent smaller, equivalent to roughly £115bn in today’s money.
The CEBR argues immigration does not simply make the economy bigger due to a higher population, but boosts productivity growth by filling gaps in the workforce and enhancing creativity in key high-growth sectors such as IT and consultancy.
It estimates that the GDP damage by 2030 could translate into a hit to GDP per capita (so adjusting for a smaller projected population) of between 1.9 per cent and 2.7 per cent.
“The numbers here are quite shocking – they display the extent to which the UK economic model has become based on migration and show the scale of the potential negative consequences if migration slows to a very small amount compared with the current pace,” said the CEBR.
The CEBR estimates echo the scenarios presented by Jonathan Portes and Giuseppe Forte for the National Institute of Economic and Social Research last year, which found that UK GDP could be up to 8.2 per cent smaller by 2030 relative to otherwise and GDP per capita 5.3 per cent smaller if immigration rates were significantly cut.
Portes and Forte also only projected a very modest boost to low-skilled wages as a result of the fall in immigration, in keeping with empirical studies showing very minor downward pressure on the wages of such workers from higher immigration over the past decade.
Net immigration to the UK in the year to September is estimated to have been 273,000 by the Office for National Statistics, down from a peak rate of 336,000 seen a year earlier.
The Conservative manifesto published last week included the pledge, first made by David Cameron before the 2010 election, to reduce immigration to the “tens of thousands”……
The Independent have launched a petition to rally public support for ditching the target and to highlight the positive contribution made by immigrants, often vilified in populist politics
