Halting immigration ‘would cost UK £18bn in five years’

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British Passport

British Passport

The economic benefit of immigration to the UK is revealed today in a report showing that halting net migration would cost every taxpayer in the country £137,000 over their lifetime.

Analysis of Office for Budget Responsibility figures by the Migration Matters Trust reveals that if net migration were stopped tomorrow, the UK’s net public sector debt would rise from 74 per cent of GDP to 187 per cent within the next 50 years – higher than Greece’s current national debt of 161 per cent.

Within five years from now, public sector net debt would rise by £18bn, the equivalent of 5p on the basic rate of income tax, the research shows.

 

Read it at the Independent

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