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    Life After Brexit: Drop in Migration Could Hit UK Growth, New Report

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    Two of the most divisive topics tussled around for debate during the campaign for Britain to leave the European Union are linked and expose the potential impact of Brexit, according to a new report.

    Immigration and the economy — and calls for less of one to boost to the other — proved to be the winning rhetoric for the 'Leave' campaign. However, a new report from think tank, National Institute of Economic and Social Research (NIESR), suggests that projections were focused on trade — and not the economic impact on Britain.

    ​And in it's latest report "The Economic Impact of Brexit-induced Reductions in Migration", the NIESR suggests that a drop in immigration post Brexit will damage the growth of Britain's economy.

    Fewer migrants settling in the UK as a result of Brexit is predicted to have a negative impact on the economy, with economic growth reduced by 3.4 percent by 2030.

    ​Researchers analyzed the impact of Brexit on the flow of migration to the UK, in the short and long term in order to predict its impact on the economy.

    The report states: "these estimates should be viewed as an indication of the sign of the likely impact as with trade, almost certainly negative and of the plausible rough order of magnitude of the possible impacts, rather than a point estimate."

    For example, a fall of around 91,000 people, touted as being "mid-range Brexit" would mean that the UK's economic growth would slow down and be 3.4 percent lower by 2030.

    A 'hard Brexit' would see a slowdown of 5.4 percent.

    Construction worker
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    But the report will cheer up many Leavers, with predictions that workers in construction, retail, hospitality, food processing and agriculture, could see their wages rise by 0.51 percent by 2030 under a "mid-range Brexit" and 0.82 percent with a "hard Brexit."

    Around 650,000 people immigrated to the UK between 2015 and 2016 — a record high for Britain.

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    Tags:
    Hard Brexit, post-Brexit, economy, immigration, Boris Johnson, Theresa May, EU, United Kingdom
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