UK Immigration Curbs Could Slow Growth But Ease Strains
• Curbs to migration could lower economic growth by reducing the workforce, but impact is mixed when adjusted per capita
• Social care workers exempted from rules as sector relies heavily on foreign workers already
• 300k fewer workers could equal 1% of workforce - significant as workforce set to decline anyway
• Migration adds pressures on health and education spending, and rising costs of aging society long-term
• Government focused curbs on dependents to lessen economic impact, but unclear if it will reduce incentives for workers and students