"The UK’s clampdown on international students and overseas skilled workers will cost business more than £40bn and provide no overall benefit to society, according to government estimates of the policies’ impact" - on.ft.com/3ZGs8O4@financialtimes.com
Home Office assessments come as new Labour government presses ahead with curbs on immigration
As any economist could have anticipated… if only policies were not just populistic.
The Tory shift from promoting economic growth at any cost to treating the economy as an afterthought isn’t studied enough
On average, when a government restricts a market, it costs money/welfare. We shouldn't be surprised in the result, given we're a service, knowledge-based economy. If you're suspicious of govt analyses, look for the ones that say "our cunning market restrictions make us richer"
We never seem to learn that anti migrant policies are economically damaging. That the losses are even greater than the investments required to facilitate a growing society. But it's worse now with the rural to urban shift wiping out the very towns that reject incomers.