⟳ Репост от David Bale
"If annual net migration were to be 200,000 lower on average than the OBR’s current assumption over the five years of its forecast, the cumulative 1mn hit to labour supply could add up to £20bn per year to forecast borrowing." 👀
Fall in UK net migration threatens to carve deep hole in public financesIssue is expected to come under the spotlight in chancellor Rachel Reeves’ Spring Statementwww.ft.com