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Narrative Collapse: Migration Not Driving Economic Growth, Report Finds
A study has found that mass migration has not stimulated the economy and has been a major drag on public services and the housing sector.
www.breitbart.com
In a rebuke of the neo-liberal orthodoxy which has dominated both major political parties in Britain, a study has found that mass migration has not actually stimulated the economy and has been a major drag on public services and the housing sector.
A report from the Centre for Policy Studies (CPS) and co-authored by former immigration minister Robert Jenrick finds record levels of immigration imposed upon the country by the so-called Conservative Party — despite promising the public to reduce the influx of foreigners following Brexit — has not been correlated with an increase to economic growth per capita.
While globalist advocates of mass migration argue that it increases tax revenues and lifts overall GDP, thereby giving governments talking points, on an individual basis there is a different story.
According to data from the Organization for Economic Cooperation and Development (OECD), while the United Kingdom’s GDP grew by 0.1 per cent last year — amid record levels of immigration — GDP per person fell by 0.8 per cent, drastically behind the G7 average of 1.2 per cent, despite the UK seeing the second-highest level of population growth, which has largely been driven by mass migration, The Telegraph reports.
The CPS report remarked: “If large-scale migration of the sort we’ve seen is really so great for the economy, we have to ask ourselves why we are not seeing this in the GDP per capita data”.
The think tank noted that although former Prime Minister Boris Johnson’s post-Brexit immigration reforms promised to focus on “highly selective” skills-based immigration, the system has in practice allowed large waves of foreigners coming to the country who either don’t work or are employed in low-wage jobs, because the barriers to entry have been set so catastrophically low. The report found that of the net two million migrants who came to the UK from non-EU nations over the past five years, just 15 per cent arrived in the country with the principal aim of working.
The report also found that the rush to import people from around the world has come with an economic cost. Migrants from Spain, for example, earn 40 per cent more on average than migrants from Pakistan or Bangladesh. Meanwhile, migrants from the Middle East, North Africa or Turkey between the ages of 25 to 64 were nearly twice as likely to be ‘economically inactive’ than native-born Britons.