The UK, Planning To Increase Their Immigration Numbers To Meet Their Financial Budget

02 Dec 2015

According to Guardian analysis of official data, George Osborne (MP) is relying on raising immigration numbers to reach his fiscal target of a budget surplus by the end of the decade. Analysis of figures from the Office for Budget Responsibility (OBR), the government’s independent forecasting body, has found that Britain’s finances would not be forecast to hit a budget surplus by 2019-20 without recent upward revisions to net migration numbers.

It is not the first time that OBR have presented its report in order to increase the net immigration, they have already raised this projection twice this year, and they have projected in their previous report stating that immigration should increase from 105,000 to 165,000 people a year. The statistics of both the report bring the conclusion that there would be a rise in extra jobs and tax incomes and change to the composition of the country’s working - age population with the increase in immigration.

The report also warns the British Government, if the migration remains unchanged it will project the budget surplus would drop to zero and the only way to meet the country’s budget will be by increasing the tax or through additional spending cuts.

It has already been mentioned in the 2014 fiscal sustainability report presented by OBR regarding the advantages of inward immigration that adds more to government income than expenditure on its services like health and school. The report also stated that it will improve the countries long -term fiscal position.

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