Liberal Democrats

Brexit analysis: Fall in EU migration far from cost free

Leaked government Brexit analysis reveals the cost to the British economy of cutting migration.

By Vince Cable, Feb 01, 2018 1:02

A sign pointing to passport control, with people climbing a flight of stairs in the background.

Leaked government Brexit analysis reveals that the cost to the British economy of cutting migration from the EU would be significantly greater than the benefits brought by a US trade deal.

The negative impact of a stricter immigration policy would be far bigger than the 0.2% boost to economic growth that a US trade deal is calculated to bring.

Buzzfeed News, 31 Jan 2018

The view that restricting immigration is a positive thing, something this Conservative government have only encouraged, has been starkly contradicted by their own analysis.

This analysis shows a fall in EU migration is far from cost free.

The resulting loss of skills and government revenue means any trade deal with the US won’t even begin to bring in the cash lost by a clamp down on migration post-Brexit.

As the government’s own evidence against their blinkered hard Brexit agenda begins to mount, the British people must be given their say on the final deal with the option to exit from Brexit.

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