'Despite the rhetoric from the Home Secretary, the Government’s own calculations to make the Spring Budget fiscally feasible requires an increase of immigration by 311,000 next year' 🔴 What do experts say about the real economic impact of migration
Figures to be released later this month are expected to show immigration hitting record levels last year, despite the Conservative Party’s manifesto pledge to slash the figure.How much does immigration affect the UK economy?
On the whole, the impact on public finances is generally agreed to be much smaller than people expect: around plus or minus 1 per cent of GDP.”Kat Aleynikova, senior social researcher at the National Institute for Economic and Social Research , said that migration can help to stimulate the economy by bringing in more taxation and spending.
“Particularly with foreign students, they are contributing massively to important export sector of the UK,. For student visas and work visas, people have to demonstrate that they have sufficient income sources, so that also contributes to higher spending. That creates a spiral, where you’ve got more demand, increases to GDP, and that then creates more demand for labour, so it generally stimulates the economy.
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