British Government Overestimated Economic Benefits of Migration by £6 Billion: Report
Breitbart | 03/27/2024 | Kurt Zindulka

The Office for Budget Responsibility (OBR) has been accused of “vastly overstating” the economic benefits of mass migration by overvaluing the expected salaries earned by so-called skilled migrants, a report from a think tank claimed.

The OBR, a non-departmental public body established by former finance chief George Osbourne in 2010 to provide supposedly independent economic forecasts and analysis of public finances, overestimated the expected tax contributions from migration by £6 billion according to a report from the Centre for Migration Control (CMC).

An economic projection from the OBR produced ahead of Chancellor Jeremy Hunt’s budget published earlier this month stated that “new migrants have the same employment, consumption, and residential patterns as residents, and as such pay similar levels of wider taxation”.

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However, according to the CMC, citing figures from the Office of National Statistics, skilled worker residents earned an average salary of £37,614 in 2023, compared to the average salary of £31,431 for skilled migrants.

The think tank said this disparity meant that the OBR had overestimated the average income tax and national insurance contributions from migrants by £1,855. Extrapolating this figure, the Centre for Migration Control claimed that the government body’s projections of migrant earnings to 2028-29 had been artificially inflated by £20.5 billion and their contributions to the tax coffers by £6 billion.

Will you peons just stop investigating things and follow the Science?