May’s Immigration Slash And The Possible Fall Of The UK Economy

It is not a secret that Theresa May, the current Prime Minister of the United Kingdom, has been working out changes in the country’s immigration policies. The change would include a slash in the number of immigrants that the country is welcoming. For the past several years, the number of immigrants coming to the country has been going up. It is estimated that the immigrants are coming in in the hundreds of thousands.

Now, what May is planning on doing is to actually put a limit to the number of immigrants that are coming into the country. According to statements from the country’s Prime Minister, she is looking at making sure that immigration in the UK comes down to only tens of thousands as compared to the hundreds of thousands that the country is currently having. This may be her plan but she has to make sure that she does the research first on what could happen when the limit becomes a reality.

An economist speaks

Economists have been looking at this situation and what changes could happen to the country when it comes around. One of the top economists of the country have said that limiting the immigration numbers in Britain may actually be a cause for productivity and economy experiencing significant drops. That is not really a good thing to happen. And aside from the drops in productivity and economy, the taxes in the country are also seen to increase later on.

This economist is Ken Rogoff. Rogoff works in Harvard and has also served as the chief economist of the International Monetary Fund.  His analysis of the situation was recently disclosed and he stated that if immigration is given a limit, the United Kingdom just may have to suffer from a decrease in its national income. This can be detrimental to the economy and so May should actually take a look at the policy that she is proposing.

The possibilities of the immigration limit

Although the reduction of immigrants to the United Kingdom is proposed, it will not happen in just one snap. The government has already defined the reduction to happen in five years. Of course, it is quite an impossible thing, as is reflected in previous years. May has worked previously as part of the Home Office and yet she has not been able to reach the target. She has worked there for six years. So the plan of five years may not really quite happen.

Add to that the consequences that come with it, the whole government of the United Kingdom just may have a difficult time making it push through. A really bad economy can really hurt the country greatly and the UK may just not be ready for it. If it can be prevented, then it should be prevented as early as possible.

 

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