May’s plan to slash immigration after Brexit could cause ‘huge’ economic damage
|05/24/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — Prime Minister Theresa May’s pledge to cut annual immigration below 100,000 could cause “huge” economic damage to the UK, according to a new report by the Centre for Economics and Business Research.
The analysis, reported by the Financial Times, found that cutting net migration below 100,000 a year — as pledged in the Conservative manifesto — could reduce the potential size of the UK economy between 1.5% and 3% by 2025.
It found that, by 2030, that hit could increase to between 4.1% and 5.7%.
Gross domestic product per person would be between 1.9% and 2.7% lower than otherwise by read more >>>