Economy

Migration policy from Labour could hurt UK economic growth, shocking OBR report warns

March 3, 2026

The Office for Budget Responsibility (OBR) has revised its net migration projections for the UK, forecasting an annual average of 235,000 migrants from 2026 to 2030, down from 295,000 previously. This change is attributed to an increasing number of British citizens moving abroad, which could negatively impact the Labour government's economic growth strategies led by Chancellor Rachel Reeves.

Migration policy from Labour could hurt UK economic growth, shocking OBR report warns

Credit: Gbnews

Key Highlights

OBR projects net migration to average 235,000 annually from 2026 to 2030.
This is a reduction from the previous estimate of 295,000.
The decline is partly due to more British citizens relocating abroad.
The Labour government's migration policy may hinder GDP growth efforts.
Chancellor Rachel Reeves is concerned about these migration trends.

Sources

Migration policy from Labour could hurt UK economic growth, shocking OBR report warns

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Migration policy from Labour could hurt UK economic growth, shocking OBR report warns

Key Highlights

Sources

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