Migration myths dispelled
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Do migrants add to economic growth?
Yes. But they also add to population. The Prime Minister recently claimed that growth would be nearly 0.5% per year less if there was no net immigration. The correct figure is 0.4% and immigrants add 0.25% to the population every year. So the benefit is only 0.15% per head per year - a trivial amount compared to the extra congestion involved.
Do migrants account for 15% of economic growth?
Trend growth is 2.75% per year. 0.4 is 15% of 2.75 so this is the sa...
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