Halting immigration 'would cost UK £18bn in five years'

 

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.

The trust, a cross-party pro-migration group, said migrants contributed more to the economy through tax than they took in benefits. The research follows announcements of tougher immigration policies, including blocking access to NHS and council housing for those from outside the EU in advance of relaxing entry rules for Romanian and Bulgarian immigrants at the end of this year.

An article in The Daily Telegraph last week by the Labour MP Frank Field and the Conservative Nicholas Soames called for a halt on immigration from other EU countries into the UK during periods of high unemployment.

Atul Hatwal, director of the Migration Matters Trust, said: "The British economy cannot sustain itself without migrant labour. By all means let's discuss the issue of immigration openly. But once you set aside the rhetoric and the hyperbole, you're left with a simple truth – Britain cannot afford to shut its doors to migrant workers."

Start your day with The Independent, sign up for daily news emails
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksA special investigation by Andy McSmith
2015 General Election
May2015

Poll of Polls

Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Ashdown Group: Learning & Development Manager - North London - £53,000

£45000 - £53000 per annum + bonus + benefits: Ashdown Group: Learning & Develo...

Recruitment Genius: Media Sales Executive - Magazines

Negotiable: Recruitment Genius: One of the UK's largest regional newspaper pub...

Ashdown Group: Content Manager - Publishing

£30000 - £35000 per annum + benefits : Ashdown Group: A highly successful, glo...

Recruitment Genius: Sales Ledger Assistant - Oxford

Negotiable: Recruitment Genius: As a successful and growing Security Installat...

Day In a Page

Syrian conflict is the world's first 'climate change war', say scientists, but it won't be the last one

Climate change key in Syrian conflict

And it will trigger more war in future
How I outwitted the Gestapo

How I outwitted the Gestapo

My life as a Jew in wartime Berlin
The nation's favourite animal revealed

The nation's favourite animal revealed

Women like cuddly creatures whilst men like creepy-crawlies
Is this the way to get young people to vote?

Getting young people to vote

From #VOTESELFISH to Bite the Ballot
Poldark star Heida Reed: 'I don't think a single bodice gets ripped'

Poldark star Heida Reed

'I don't think a single bodice gets ripped'
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn