Sunday, September 1, 2024

'The Very Definition Of A Ponzi Scheme', 1.6 MILLION Migrants In UK Are Unemployed, Costing Taxpayers £8.5 BILLION


1.6 MILLION Migrants In UK Are Unemployed, Costing Taxpayers £8.5 BILLION: Report


Almost 1.7 million foreigners residing in the U.K. are out of work or “economically inactive,” costing taxpayers an estimated £8.5 billion per year according to a new report.

An analysis of government figures by the Centre for Immigration Control shows that the current levels are the highest ever, surpassing a previous high of 1,628,000, recorded in 2012.

The £8.5 billion estimate doesn’t even include the costs of asylum seekers, who are routinely placed into four star hotels, as well as foreign students, meaning the actual cost to a British taxpayers is probably much higher.

In addition, the Institute for Fiscal Studies (IFS) has revealed that the Home Office spent a staggering £7.9 billion in just three years on asylum, border, and visa management when its budget was just £320 million.

They went £7.6 BILLION over budget.

IFS research economist Max Warner told the BBC “When there is a one-off unexpected spike in costs or demand, spending more than was budgeted is entirely understandable. But when it is happening year after year, something is going wrong with the budgeting process.”

Robert Bates, of the Centre for Migration Control research director, told The Daily Mail that “For all the talk of a fiscal ‘black hole’, the Labour Government seem to be missing the glaringly obvious fact that mass migration is causing economic pandemonium.”

“There is no reason for us to continue handing out so many long-term visas when we are currently having to bail out over a million migrants who are already in Britain but not working,” Bates further noted.

“This is the very definition of a Ponzi scheme, and we will only compound the problem if we do not change course soon,” he urged.

“Our elderly are facing a potentially deadly winter as Keir Starmer cancels the lifeline of the winter fuel allowance, but at the same time he is doing nothing to clamp down on workless migrants,” Bates emphasised.

In response to the report, Reform UK leader Nigel Farage commented “The economic arguments for mass migration are over.”

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