Cutting immigration would explode the debt
Ever wondered what would happen to the British economy if net immigration were slashed to zero? Well today’s ‘Fiscal Sustainability Report’ from the number crunchers at the Office for Budget Responsibility provides a glimpse of what such a future might look like — and it is a grim picture indeed. They’ve put together projections for the economy — and the public finances — all the way to 2062. Of course such long-term predictions should be taken with a pinch of salt. As Pete says over at ConservativeHome, ‘today’s OBR figures will probably bear as much comparison to the 2060s as the Jetsons will’. But the OBR don’t just produce one