Tuesday, September 18, 2018

The value of immigration

Migrants from the EU contribute £2,300 more to the exchequer each year in net terms than the average adult, the analysis for the government has found.
And, over their lifetimes, they pay in £78,000 more than they take out in public services and benefits - while the average UK citizen’s net lifetime contribution is zero.
“When it comes to the public finances, European migrants contribute substantially more than they cost, easing the tax burden on other taxpayers,” said Ian Mulheirn, the lead researcher.  “What’s more, this strongly positive average contribution persists over a lifetime: most migrants arrive fully educated, and many leave before the costs of retirement start to weigh on the public finances. If the UK’s new relationship with Europe involves reduced migration, this analysis suggests the tax burden on others will have to rise.” He continued, “What’s more, this strongly positive average contribution persists over a lifetime: most migrants arrive fully educated, and many leave before the costs of retirement start to weigh on the public finances. If the UK’s new relationship with Europe involves reduced migration, this analysis suggests the tax burden on others will have to rise.”
The Oxford Economics study calculated that non-European migrants will make a positive net contribution of £28,000 - £50,000 less than the £78,000 for EU arrivals – when the budget is balanced.
In total, the net benefit from the class of 2016 was expected to be £26.9bn, with £19.3bn coming from EU migrants and the remaining £7.5bn from migrants from the rest of the world.

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