Mass immigration has left Britain poorer per head and short of homes: cut it hard and keep it down
Britain has taken in more people than it can house, and its people are no richer for it. A government's first duty is to its own people. Parliament should cut immigration hard and make sure it stays down.
Step 1
Britain has just had more immigration than ever before
More people moved to Britain in recent years than at any time on record. In just four years, net migration added about 2.5 million people. It now makes up almost all of the country's population growth.
Step 2
The economy grew, but people did not get richer
Total output grew, but output per person barely moved. A bigger economy that is no richer per person does nothing for the people already here.
The government's budget watchdog explains how this happens. Extra migrants leave output per person lower if buildings and equipment do not keep up. And public investment is fixed years ahead, so it does not grow with the population. While the watchdog judges the overall effect on output per person to be small, either way, and other large economies stalled too, that is still no gain. Millions more people have bought nothing measurable per head.
Step 3
Newcomers compete with young Britons for scarce homes
Migration accounts for just over half of the extra households expected in England, and building has fallen short of household growth. Recent migrants mostly rent, and about a third of private renters were born abroad. So they compete with young Britons for the same flats. As net migration fell, rent growth dropped to less than half its peak.
While immigration explains only a small part of the long rise in house prices, its effect on rents is at least as large as on prices. Rent is what young people without a home of their own actually pay.
Step 4
Low-paid routes leave costs that last for decades
Who comes matters as much as how many. Skilled workers are a large gain to the public purse, but care workers and the adult family members of health and care workers cost more than they pay over their lives. While the average resident is also a lifetime cost, that is no reason to add more people at the same cost.
While lower migration raises government borrowing over the next five years, that window leaves out the costs that come as migrants grow old. Lower migration also raises public spending per person, and that is what residents actually receive.
Step 5
The fall in numbers will not last on its own
Net migration has fallen by about four-fifths from its peak. But it fell as officials checked employers more closely and tightened visa rules, and a future minister can undo both. Promises have failed before. Net migration fell to the promised "tens of thousands" only during Covid. Later pledges named no number at all.
Step 6
Parliament should set a binding cap and lengthen the wait to settle
Most people want immigration reduced, and a country should have a say over who joins it. That wish should bind future governments. Parliament should set a binding yearly cap on net migration and close the low-paid routes that cost more than they bring in. It should also lengthen the wait for settlement, the right to stay for good. About 1.6 million people are expected to qualify by 2030. Once they settle, today's costs become permanent.