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UK: Migrants have a credible part to play in our economy

January 2014, 27
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UK Economy

Since the year 2000 migrants into the U.K have made a substantial contribution to the public finances, according to a recent published report from the BBC. Migrants from Scandinavian countries such as Norway and Iceland stood out for making an exceptionally positive contribution to the economy of the U.K over the last decade by contributing over 34% more in taxes than they took out in services and benefits. Other migrant categories varied with the average from EU migrants being of 2% more contribution than receiving but none the less this is still a figure of a higher contribution into the countries economy than of draining it. 

However, the BBC report goes into much depth and it reveals surprisingly that during the time period between the years 1995 and 2011 immigration has cost the economy of the U.K an incredible £95 billion! The study reveals that on average before the year 2000 a single EU or non EU migrant took out upto £14,000 more from the economy than they put in. During the same time the picture looks equally bleak for the contributions and drains of British Citizens with each native Brit taking out approximately £11,000 more than they put in.

This is because during those years there was a limited intake of new migrants into the country and so the study was in majority for the migrants who were already here, and were on a whole older and not in employment and had been using the NHS (the British Healthcare System) for a greater period of time. Since the year 2000 migrants who enter the U.K are of the average age 26 and 80% are in full time employment within a two week period, this is why the economy has been increased by the migration since the turn of the millenium and it is a real contrast to migration before the year 2000.

Reports like this do a great deal of good for those who see migrants as just a drain on the system, this is more than a fabrication, it is proven to be time and time again wholly inaccurate. Unemployment levels have reached new heights in recent years, since the recession of 2008 and migrants have had their place in building the U.K back up and this should not be forgotten. Without migrants the U.K would certainly not be the credible and rich country that it is today.

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