Posted on 03/27/2024 11:17:42 AM PDT by ChicagoConservative27
The Office for Budget Responsibility (OBR) has been accused of “vastly overstating” the economic benefits of mass migration by overvaluing the expected salaries earned by so-called skilled migrants, a report from a think tank claimed.
The OBR, a non-departmental public body established by former finance chief George Osbourne in 2010 to provide supposedly independent economic forecasts and analysis of public finances, overestimated the expected tax contributions from migration by £6 billion according to a report from the Centre for Migration Control (CMC).
An economic projection from the OBR produced ahead of Chancellor Jeremy Hunt’s budget published earlier this month stated that “new migrants have the same employment, consumption, and residential patterns as residents, and as such pay similar levels of wider taxation”.
(Excerpt) Read more at breitbart.com ...
so when did a government know anything about money
Good thing they aren’t in New York City. Letitia James and Judge Engoron would have them in jail....................
“Economic Benefits of Migration “
Delusion, stupidity or both.
On a macroeconomic level, the visible cost is 6 billion. The hidden cost is many, many times that number. Like the USA. We will never get rid of these freeloaders, regardless who is in the White House next term. The cost to our country, infrastructure, and culture, is incalculable.
If one correctly recalls, the once great Golden State has overvalued quite a number of tax receipt forecasts, and not by small amounts (and then spent it in advance of collection, and with little hesitation).
“by overvaluing the expected salaries”
95% of the illegal rapefugees are all on some sort of welfare. The 5% that aren’t work for the government or organizations lobbying for more free stuff. They are a drain on society.
BTTT!!!
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