We now have evidence that mass migration is making the British poorer

The cost of renting a home has risen by as much as 30 percent between mid-2021 and the beginning of this year, while wages have risen by 17 percent over the same period. Compare that to the record of the previous decade, when rents rose 26 percent, just 1 percent less than wage growth.

According to an analysis by Capital Economics, rents have risen 11 percent higher than they otherwise would have in the 2021-2024 period, thanks to the unprecedented levels of immigration that this administration has ruled. Andrew Wishart, head of housing at Capital Economics, said: “This means rents are 11 per cent higher than would be explained by the usual relationship between wages and rent. The vast majority of this is due to higher net migration.”

The arithmetic is simple: figures show that in the two years from mid-2021 to June 2023, based on average household size, net immigration led to a further 430,000 households looking for homes in the private rental sector. Meanwhile, the government’s own target of building 300,000 new homes annually has never been achieved. More demand plus static supply equals higher costs.

This disastrous failure by ministers is having a real-time, real-life impact on the quality of life for millions of people across the country. But even across political lines, there has been little talk of reducing immigration. More than 700,000 people arrived in Britain in 2022; To claim that this will not have a significant negative impact on local services, including housing, schools and hospitals, is dangerously irresponsible. And that extra economic growth and enormous new tax revenues that newcomers would bring us? Britain’s meager growth rates and our historically high personal tax levels might suggest that this theory is somewhat optimistic.

Theresa May has never escaped the shadow of her hubristic promise that the Conservatives would cut net immigration to less than 100,000 a year, especially since, at the time the promise was made, we were still in the EU and subject to the rules for free movement. She fell far short of fulfilling that promise and her successors quietly abandoned it. Since leaving the EU, the government has presided over record levels of immigration, and now, as a result, it is presiding over the higher rents and pressure on local services that are the inevitable consequences of high immigration.

If ministers’ intentions were to stoke racial division in this country, they could hardly do better. Britons, more than any other European country, have welcomed and integrated immigrant communities, as long as their own living standards were not adversely affected by their arrival. Now that we have direct, hard evidence that more than 10 percent of rent increases – especially in London, where rents are the highest in the country – can be attributed to immigration, it would make sense for resentment against immigration policies to increase. if not against the immigrants themselves.

Does the government have an immigration policy at all? Or does it think such decisions can be left to the market (and of course the higher education sector) to find the right level of immigration without ministerial interference?

That’s a dangerous game. The traditional criticism of the Conservatives is that they stand up for the rights of elites and ignore the consequences for the most vulnerable. Those who rent and cannot yet afford to buy their own property should be a top priority for any government. These are the (predominantly) younger, aspiring voters who will shape future voting trends and elect future governments.

This current generation has been badly let down, not just by a government, but by a political philosophy that prioritizes newcomers over British citizens.

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