Economic context of net migration in the UK
Some interesting data below from the ANZ bank concerning net migration in the UK in the 12 months to September 2015. Net migration in the UK reached 323,000 and that was a record high and the second highest in the EU after Germany.
- Non-EU migrants account for 55% of net migration inflows, the EU accounts for 45%. Within that the EU8 – countries which joined the EU from 2004 – account for 12% of total net migration flows or approximately 40,000 people.
- The free movement of labour in the EU has allowed for an increase in migration over the past decade. Successive rounds of enlargement in 2004, 2007, and 2013 changed the shape of the EU fundamentally, increasing the number of member states from 15 to 28.
- Over the past 40 years, the UK population has increased by 15%. Only 20% of the increase in the population is attributable to EU migrants. 40% is a natural increase and 40% is non-EU migrants. Migration from the EU has therefore accounted for about 3% of the increase in the population.
- EU migrants account for 6% of the UK workforce. EU migrants tend to be younger with an average age of 32.8 vs 40.8 for UK nationals. Employment levels among EU migrants are higher than for UK workers (77% vs 68%).
- Data from the ONS suggest that 46% of EU migrants are high skilled and 54% are low skilled. That compares with 45% of UK-born workers being low skilled and 55% high skilled. There are 13 million low skilled jobs in the UK, of which 6.4% is occupied by EU migrants.
Source: ANZ Bank Markets Update.