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NIESR – If net migration reduced to 105,000 per year, UK economy 11% smaller by 2060

We did wonder when Boris Johnson’s voice would also be heard on immigration. And it came loud and clear in big letters as a front page article in City AM, where he warned about the negative impact of the cap on London’s and overall UK economy.

The Mayor’s words, resonant of those from many others within British industry, academia, politics and civil society in general, were also backed by recent research from The National Institute of Economic and Social Research (Niesr).

“Speaking about recent immigrat­ion policies, Niesr research fellow Anna Rosso said that more restrictive policies were “likely to be damaging”, adding that the talent pool for business would be reduced.”

“There will be people who say… that freedom of movement is good for the economy. But that is not the consensus of the vast majority,” shadow chancellor Ed Balls told the Telegraph, while shadow work and pensions secretary Rachel Reeves suggested that immigrants should not be allowed benefits until they have contributed through the tax system.”

“But the mayor took a more positive line about migration to the UK. A spokes­man for Johnson said yesterday: “The mayor’s position is that controlled immigration has been and will continue to be good for London”

He added: “Migration is an important part of the capital’s history and plays a vital role in making this the greatest big city in the world. [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][John­son] wants London to be the first choice of the brightest and best international students and skilled workers who can make an important contribution to our economy.”

“Niesr’s research includes a paper which forecasts the long-term impact of reduced migration for the UK.”

According to the authors, if net mig­ration is reduced to 105,000 per year, the UK economy will be 11 per cent smaller by 2060 than would otherwise be the case.

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