EU THREAT TO PENSIONS: Mass migration blamed for £30 billion a YEAR ‘economic catastrophe’
MASS EU migration is a £30 billion a year threat to Britain’s state pension, a new report has warned.
By DAVID MADDOX, EXCLUSIVE
Express.co.uk
Sat, Feb 25, 2017
The comprehensive paper – How the £30 billion cost of EU migration Imperils Pensions & Benefits – by the thinktank Global Britain has blown apart claims that the UK needs EU migration to support its pension system.
Instead it reveals that cheap labour flooding in from the continent is causing “an economic catastrophe” for the UK which threatens the pension system.
The new study comes in a week where new figures revealed that the annual net migration is still 273,000, a reduction of 49,000 from previous figures but almost three times the level the government promised to reduce the number to.
The latest Office of National Statistics (ONS) figures revealed that 268,000 EU citizens relocated to the UK in the year up to September 2016 with 74,000 of the incomers arriving from Romania and Bulgaria.
The latest figures have highlighted the continued strain to the Exchequer of low paid workers coming into the UK.
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