EU Immigrants are crucial to the UK Economy

The number of people at work in the UK is at an all-time high. The unemployment rate fell to 5.3 percent. A report by INDEPENDENT shows that there are total 31.21 million people at work. This has benefited the UK Government as more people are paying income tax. Moreover, the number of people claiming unemployment benefit has reduced.

The numbers prove that the ‘long-term economic plan’ of the UK is working. The Office for National Statistics (ONS) has gone into the thick of things and brought a report forward. The main factor behind the ongoing rise in the workforce is the European Immigrants. It depicts that the rate of EU migrants in the UK workforce is rapidly increasing.

Last year, 448,000 people joined the UK workforce. Out of that 324000 were EU nationals. Only 122000 were UK people. The majority of people come from the Eastern European countries. Romanian and Bulgarian made up 10% of all new EU Immigrants in 2017.

The ONS report states that wholesale, retail; hospitality and health sectors employ 1.5 million non-UK nationals every year. Also, about 12 percent of the workforce in the financial and business sectors is international migrants. That is why immigration is more important to these sectors. It indicates that EU Immigrants account for one in 10 employees in the UK Economy.

The ONS data shows that more than two million EU Immigrants were employed in the UK in 2016. Anna Bodey, ONS Migration Analyst has voiced her views on the numbers. She said that migrants from Eastern Europe countries mostly go into lower-skilled jobs. Hence they work for more hours yet earn lower wages. She added that they are more likely to be overeducated for the jobs.

However, Open Britain is urging to drop the target to reduce the migration rate. It insists that the number should be cut down to tens of thousands of people each year. They fear it will harm their economy.

Y-Axis offers a wide range of Visa and Immigration services as well as products to overseas immigrants including UK Tier 1 Entrepreneur Visa, Business Visa for UK, Study Visa for UK, Visit Visa for UK, and Work Visa for UK.

If you are looking to Study, Work, Visit, Invest or Migrate to UK, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.

If you found this blog engaging, you may also like…

Top 10 UK areas for young immigrants to live and work