European migrants to the UK are not a drain on Britain’s finances and pay out far more in taxes than they receive in state benefits, a new study has revealed.
The research by two leading migration economists at University College also reveals that Britain is uniquely successful, even more than Germany, in attracting the most highly skilled and highly educated migrants in Europe.
The study, the Fiscal Impact of Immigration to the UK, published in the Economic Journal, reveals that more than 60% of new migrants from western and southern Europe are now university graduates. The educational levels of east Europeans who come to Britain are also improving with 25% of recent arrivals having completed a degree compared with 24% of the UK-born workforce.
It says that European migrants made a net contribution of £20bn to UK public finances between 2000 and 2011. Those from the original 15 EU countries, including France, Germany, Italy and Spain, contributed 64% – £15bn more in taxes than they received in welfare – while east European migrants contributed 12%, equivalent to £5bn more.Do you suppose it might lead to the UK government adopting a more sensible approach to EU matters? No, nor do I.