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    UK growth since 2010 has been lacklustre and largely driven by immigration, says report
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    UK growth since 2010 has been lacklustre and largely driven by immigration, says report


    UK growth since 2010 has been lacklustre and largely driven by immigration, says report

    https://www.theguardian.com/business/article/2024/jun/09/uk-growth-since-2010-has-been-lacklustre-and-largely-driven-by-immigration-says-report

    Posted by peakedtooearly

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    9 Comments

    1. GreenValeGarden on

      The reality is GDP per head has fallen, the tax burden has increased, more people in the country, ballooning public debt. The report can spin however it wants but the UK has been poorer since the Brexit referendum. The next few years are bleak with higher taxes still, cuts across the board in public services, astronomical house and food prices, and that is even if they can control immigration.

    2. peakedtooearly on

      This explains why although both major parties will promise to massively reduce immigration, neither is likely to. Unless they can find another source of GDP growth.

    3. Serious-Counter9624 on

      We should focus on GDP per capita growth. Just continually adding more people into a crumbling/overburdened system is not sensible or sustainable.

    4. EvilTaffyapple on

      > 2010

      > 14 years ago

      > Tories have been in power for 14 years

      Purely coincidental, I’m sure

    5. Wanallo221 on

      I’m sure people won’t read the article and assume the headline means immigration has caused the stagnation (rather than give us growth we wouldn’t have had before). 

      But either way, focusing on immigration is a red herring. Because the biggest cause of lack of growth since 2010 is obvious: it’s a complete lack of investment.

      There’s a reason why a lot of the world raised an eyebrow at the U.K. with its ‘austerity’ plan in 2010. Because in a time of financial crisis, reducing spending is perhaps the most regressive thing you can do. It’s like realising you don’t have oil in your car, and rather than buying oil, you drive in first gear to survive on what little you have. 

      Sure you might still be getting around. But your aren’t going anywhere fast, and at some point it’s going to cease up and cost you much more than it would have been to buy the oil at 2010 prices. 

      History needs to look back on austerity and this ridiculous idea that a national budget is like a household budget – and see that refusing to borrow to invest at the point when interest was close to nil was basically a government act of self harm against its citizens. 

      Let’s not even get started on Brexit. 

    6. SimulationV2018 on

      Okay I need help here. When they refer to immigration. Is it boats or people like me a South African that moved here? Because I think the broad sweeping statement of “immigration” is a bit misleading

    7. CheezTips on

      Serious question: where did all the money Britain makes go? Is it that the Tories didn’t replace the EU money they lost after Brexit? Plus the extra costs of maintaining a hard border with Europe? What happened to the money from selling off public services? Isn’t there some ongoing money coming in from the new private owners?

    8. Pan-tang on

      The abject dismal outrageous disgrace of the bungled Test and Trace debacle, should tell you all you need to know about the people who lead us
      32 Billion pounds simple pissed against a wall.