"Immigration curbs would be deeply damaging to the nation’s competitiveness and growth": letter by prominent economists to the Financial Times
A group of prominent economists warns George Osborne, chancellor, that moves to discourage migrants from coming to the UK or settling in the country permanently would be “deeply damaging to the competitiveness of our science and research sectors and to the wider economy”.
In the letter sent by the group to the Financial Times on Monday, the economists criticise Home Office plans to limit non-EU immigrants to a five-year stay: “The policy could almost have been designed to deter the migrants whom we most want and, for those who do come, to expel many of those we would most like to remain,” the letter reads.
Signatories include Chris Pissarides, the Nobel laureate, and Richard Portes, president of the Centre for Economic Policy Research, as well as Professor Sir Partha Dasgupta, originally from Bangladesh, Professor Nobu Kiyotaki from Japan, and Professor David Vines, who is Australian.
“Had such a policy been in place when some of the signatories to this letter were considering coming to this country, they might have chosen not to come at all, or would not have been allowed to remain,” they write.
Read the full article: Leading economists urge govt to rethink immigration curbs