The £30bn cost of EU economic migration

EU economic migration represents a £30 billion per annum cost to the UK. Since there are estimated to be 2 million EU migrant workers in the UK and 1 million non-working dependents, and average UK public spending per head is £10,500, so the consumption of UK public services by the 3 million citizens of other EU Member States comes with an annual cost of £31.5 billion.

The new jobs created during the UK’s so-called recovery from the 2008 economic crisis are concentrated in low-wage/low-skill jobs, and specifically in the “tax-efficient” UK supply chains of multinationals. This means there is no Corporation tax take for the UK, any net VAT belongs to Brussels, and the payroll taxes can be as little as £500 per employee or indeed, depending upon personal circumstances, non-existent.

2 million employees delivering £500 each means a tax take of just £1 billion per annum, to set against the £31.5 billion cost of providing public services. The take-home pay of these employees is not such as to create any meaningful blip upwards in UK economic growth, so in effect the UK is simply subsidising multinational companies and their EU migrant workforce to run a business model that drains money out of the UK.