Immigration Increases Economic Growth and Decreases Inflation

Filed in archive Europe on December 19, 2007

Increased immigration is given credit for Britain's economic growth and lower inflation - lessons the United States would do well to learn!

The BCC News reports an Ernst & Young finding that foreign-born workers appear to have filled about two-thirds of new UK jobs in the last five years, with an estimated 1.5 million immigrants to the UK since 1997. Economic growth at 3% per year over the next decade is predicted if immigration levels remain constant, whereas the level drops to 2.2% with zero immigration. The UK relies heavily on immigration and foreign workers to man its work force. The BBC reported that foreign-born workers account for 11% of the workforce.

See UK growth 'helped by immigration' , BBC News, December 18, 2007, for the rest of the story.