In this excellent, must-read article in the FT Martin Woolf concludes that immigration is not a good reason for choosing Brexit. But he concedes that migration might well determine the outcome of the referendum on whether Britain should leave the EU because immigration is tangible and personal. Wolf suggests that immigration challenges people’s sense of identity in a way trade does not. #
The bottom line from this analysis is that whilst immigration is indeed a challenge, a dynamic economy can gain from importing people who both want to work and have the skills to do so.
I support Martin Wolf‘s suggestion for a massive program of house-building and infrastructure investment. This, of course, is the Keynesian argument that has been largely rejected by George Osborne‘s economic policy.