Slower immigration could lop 11 per cent off UK economy: study
LONDON (REUTERS) - A pledge by Britain's government to slow immigration could make the economy 11 per cent smaller by 2060 and taxpayers would have to fund higher public spending, a study by a leading research institute showed on Monday.
Immigration has become a hot issue ahead of elections in 2015 and the end of restrictions on workers from Romania and Bulgaria on January 1.
Prime Minister David Cameron promised in the run-up to the last election in 2010 to slash net migration to the "tens of thousands" by 2015, down from the 200,000 a year expected under current trends.
But a halving of net migration over the period to 2060 would have "strong negative effects" on the economy, said the new study, published by the independent National Institute of Economic and Social Research.