The economic argument
Back to Topic
Click to Print
Useful Websites
Glossary Term Selection
This article is 5 years old.
Click here to view the latest articles for this topic.
Perception: Asylum seekers, refugees and migrants are a drain on the UK economy.
Fact: Migrants more than pay their way in our society. Indeed, foreign-born people are a significant economic asset. Without their contribution, the average UK taxpayer would pay an extra penny in every pound in income tax.
A recent Home Office report estimated that foreign-born people - including refugees and asylum seekers - contribute around 10 per cent more to Government revenues than they receive in Government spending, equivalent to £2.5bn a year - or 1p on the basic rate of income tax.(1) Furthermore, Treasury minister Ruth Kelly has stated that the foreign-born population accounted for 10 per cent of UK GDP in 2001.(2) That is five times as much as North Sea oil.(3)
Perception: The cost of the UK asylum system has spiralled out of control and is a burden we cannot afford.
Fact: Less than one-tenth of a penn
Want to see the rest of this article?
Would you like to see the rest of this article and all the other benefits that Issues Online can provide with?
- Useful related articles
- Video and multimedia references
- Statistical information and reference material
- Glossary of terms
- Key Facts and figures
- Related assignments
- Resource material and websites
