immigration

Impact of Immigration on UK Economy

Impact of Immigration on UK Economy

In the past two decades, the UK has experienced a steady flow of net migrants into the economy. Net migration is a significant factor in the growth of the UK population. But, does this net migration help or hinder the UK economy? Net long-term migration to the UK was estimated to be 260,000 in the year ending June 2014. This compares to net migration of 182,000 in the previous 12 months. In the past five years, the…

High immigration boosts real GDP

High immigration boosts real GDP

The home secretary Theresa May will state that immigration has little economic benefit. “at best the net economic and fiscal effect of high immigration is close to zero”. (Independent) There are potential costs of immigration – for example, the UK is struggling to build sufficient housing to prevent rising house prices and rents. But, one undoubted benefit of immigration and a rising population is that it boosts GDP figures, which makes the economic recovery look stronger than average incomes per head. Real GDP