BusinessMirror

Post-Brexit Britain will still rely on immigrants

- BY MARK GILBERT

No matter how the United Kingdom’s tortuous process of leaving the European Union ends, those who supported Brexit as a way of curbing immigratio­n will have to accept the immutable mathematic­s of demographi­cs: Britain will remain economical­ly reliant on foreign workers for decades to come.

The office for National Statistics (ONS) has just published its latest projection­s for the size of the country’s population for the next 25 years, with a breakdown by age group. It should be required reading for any politician seeking, to coin a phrase, to take back control of Britain’s borders. While the population is expected to continue growing in the coming decades, the pace will slow. Between mid-2018 and mid2043, the total will increase by just 9 percent, down from the 15-percent expansion in the previous 25 years.

And as it grows, the population will age. The proportion of people aged 85 or older is expected to almost double in the coming quarter of a century, according to the ONS. From 2028, while both the working age community and the number of children f latline, the gray contingent surviving long enough to qualify for a state pension surges. That risks creating an economic imbalance, with too few workers paying taxes and national insurance to support the retired crowd at the top of the demographi­c pyramid. The percentage of the population that’s old enough to draw a pension will increase to 22 percent by 2043, up from 18.5 percent in the middle of last year, according to the ONS figures.

As the baby boomers born after World War II and into the 1960s start to die, and the so-called replacemen­t rate slows, the number of births and deaths starts to become almost equal from the mid-2030s. Hence the need for immigrants, who are typically of working age, to keep the population growing. The ONS bases its projection for net migration in the coming quarter-century on the annual average for the past 25 years of 190,000.

Now, that could increase or decrease; in its previous projection­s, the statistics office used a lower figure of 165,000 per year to reflect the mean data for the quarter century to 2016.

The statistics office is at pains to stress the impartiali­ty of its data gathering. “National population projection­s do not attempt to predict the impact of political circumstan­ces such as Brexit,” the study says. Neverthele­ss, the data is incontrove­rtible. Given its ageing population, Britain needs immigrants and their economic output to support the retirement population. Even if it succeeds in eventually extricatin­g itself from the European Union, the UK can ill-afford to raise the drawbridge to overseas workers.

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