Curbing Migration Could Boost Household Wealth by £1,100, Says Group Backed by Liz Truss
Published on February 28, 2024
The Growth Commission, an economic research group started by former Prime Minister Liz Truss, unveiled research on Monday that claims tackling net migration could leave households over £1,100 richer, ahead of the forthcoming Budget. The commission’s report, undertaken to combat the UK’s sluggish economic growth, suggests two pivotal adjustments—a strategic reduction in net migration and the abolition of inheritance tax—in a bid to sway Chancellor Jeremy Hunt’s policy decision ahead of Budget Day on March 6. Co-chairman of the Growth Commission, Douglas McWilliams, told The Telegraph, “We’ve tried to move the migration argument away from crude assertions on all sides to more carefully quantified estimates of its economic effects.”...