Office for Budget Responsibility analysis indicates chancellor’s hopes of achieving surplus appear at odds with policy of reducing net migrationGeorge Osborne’s hopes of securing a budget surplus by the time of the next general election rest on continuing tall levels of net migration to Britain, the Office for Budget Responsibility has made clear.
The OBR’s latest economic and fiscal outlook published on Wednesday renews its finding that net migration has a positive impact on the British economy and says that a “tall level” of net migration of 265000 a year will fuel growth by £4.5bn by 2019-20 and £6bn by 2020-2021. Related: George Osborne backs sugar tax and £3.5bn of Whitehall cuts Continue reading...
Source: theguardian.com